Question

Suppose you run a regression containing observations for each of the 74 kinds of cars releasted in 1978 in the United States, and you regress price (in dollars) on weight (in pounds). You get the following results: βˆ 0 is -6.71, with SE 1174.4. βˆ 1 (slope coefficient on weight) is 2.04 with SE .377.

Use the SER to add uncertainty and make this prediction an interval.

Answer 1

Solution. thank you