Answer:
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Answer:
The correct answer is option (C)-0.245 = 2.160(0.205)
Step-by-step explanation:
Solution
Given that:
The slope = - 0.245
The size sample = n = 15
The standard error = 0.205
The confidence level = 95
The Significance level= α = (100- 95)% = 0.05
Now,
The freedom of degree = n-2 = 15 -2= 13
Thus,
the critical value = t* = 2.16
By applying Excel = [TINV (0.05, 13)]
The Margin of error is = t* (standard error)
=2.16 *0.205
= 0.4428
X = the dividend
x ÷ 7 = 13
x = 13x7
x = 91
