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Can someone please help with the following problem and als I please explain how u arrived at your answers. Thanks.

A train company is studying critical part failure for its trains. The following is the regression model developed by the company.
CPF = a + 0.2 I + 0.4 T + 0.45 P + e
Where
I = inspection interval
T = travel time
P = part replacement interval

What are the following?

Confidence Interval
Confidence Level
Margin of error
 
Can someone please help with the following problem and als I please explain how u arrived at your answers. Thanks.
Sorry but, as you saw in the "Read Before Posting" thread that you read before posting, we need to see what you've tried, first. Then we'll provide assistance in getting you unstuck.

A train company is studying critical part failure for its trains. The following is the regression model developed by the company.
CPF = a + 0.2 I + 0.4 T + 0.45 P + e
Where
I = inspection interval
T = travel time
P = part replacement interval

What are the following?

Confidence Interval
Confidence Level
Margin of error
Let's start with the definitions and relationships you were taught in class. What is your understanding of the definitions of "confidence interval", "confidence level", and "margin of error"? How do these relate, if at all, to regression models? (For instance, what has your class covered along the lines of what is explained here?)

Please be complete. Thank you! ;)
 
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