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
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