A university would like to examine the relationship between a faculty member's performance rating (measured on a scale of 1-20) and his or her annual salary increase. The table to the right shows these data for eight randomly selected faculty members. Construct 90% confidence interval for the regression slope.
LCL=
UCL=
Rating | Increase |
16 | 2300 |
18 | 2500 |
11 | 1700 |
12 | 1600 |
14 | 2100 |
15 | 2600 |
16 | 1900 |
17 |
1900 |
The statistical software output for this problem is:
Hence,
90% confidence interval for slope is:
LCL = 1.315
UCL = 188.287
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