TABLE 13-1A large national bank charges local companies for…

TABLE 13-1A large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank’s charges (Y) — measured in dollars per month — for services rendered to local companies. One independent variable used to predict service charge to a company is the company’s sales revenue (X) — measured in millions of dollars. Data for 21 companies who use the bank’s services were used to fit the model: The results of the simple linear regression are provided below. = -2,700 + 20X, SYX = 65, two-tailed p value = 0.034 (for testing β1)Referring to Table 13-1, a 95% confidence interval for β1 is (15, 30). Interpret the interval.

When emailing the professor, you must: Use your TCC email….

When emailing the professor, you must: Use your TCC email. Preferably through Canvas. You will have to include your section on the subject line— i.e. GOVT 2305- 4321 (this is an example of the section)—if using Canvas email, can skip this step. Use proper salutation. Use complete sentences. This is a professional email. End your email with a closing.