Compare your answer in Problem 1, part m) with answer in Problem 2, part k). Is there a difference and why? k) Compute using a calculator the 95% confidence interval for slope associated with PROP_CHANGE_INCOMEbased on the model in part b) and interpret it using the words of the problem.95% Confidence Interval for slope of Proportion of change in Household Income over the past several years:b₁ ± taSebito df=n-25: -1.91771 +2.021(0.83381)95% Confidence Interval for slope of Proportion of change in Household Income over the past several years: (-3.60-0.23)We are 95% confident that for every household that have had a proportion of change in household income over the pastseveral years, the true crime rate will decrease between -3.60 and -0.23. m) Compute using a calculator the 95% confidence interval for slope associated with PROP_CHANGE_INCOMEbased on the model in part d) and interpret it using the words of the problem.95% Confidence Interval for slope: b₁ ±tdf-n-2SEbib₁ = -1.94182SEbi = 0.91485: -1.94182 +2.021(0.91485)95% Confidence Interval for slope: (-3.79-0.09)We are 95% confident that for every household that have had a proportion of change in household income over thepast several years, the true crime rate will decrease between -3.79 and -0.09.

Given There are 2 95% CI which are as follows: -3.60 , -0.23 -3.79, -0.09

Answered: Compare your answer in Problem 1, part…

Math

Statistics

Compare your answer in Problem 1, part m) with answer in Problem 2, part k). Is there a difference and why?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Compare your answer in Problem 1, part m) with answer in Problem 2, part k). Is there a difference and why?

k) Compute using a calculator the 95% confidence interval for slope associated with PROP_CHANGE_INCOME
based on the model in part b) and interpret it using the words of the problem.
95% Confidence Interval for slope of Proportion of change in Household Income over the past several years:
b₁ ± ta
Sebi
to df=n-25
: -1.91771 +2.021(0.83381)
95% Confidence Interval for slope of Proportion of change in Household Income over the past several years: (-3.60-
0.23)
We are 95% confident that for every household that have had a proportion of change in household income over the past
several years, the true crime rate will decrease between -3.60 and -0.23.

m) Compute using a calculator the 95% confidence interval for slope associated with PROP_CHANGE_INCOME
based on the model in part d) and interpret it using the words of the problem.
95% Confidence Interval for slope: b₁ ±tdf-n-2SEbi
b₁ = -1.94182
SEbi = 0.91485
: -1.94182 +2.021(0.91485)
95% Confidence Interval for slope: (-3.79-0.09)
We are 95% confident that for every household that have had a proportion of change in household income over the
past several years, the true crime rate will decrease between -3.79 and -0.09.

Expert Solution

Step 1

Given

There are 2 95% CI which are as follows:

$(- 3.60, - 0.23)$
$(- 3.79, - 0.09)$

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