[All Steps] The Shelton Manufacturing Company recently did a study of its customers. A random sample of 50 customer accounts was pulled from the computer
Question: The Shelton Manufacturing Company recently did a study of its customers. A random sample of 50 customer accounts was pulled from the computer records. Two, variables were observed:
\(y=\) Total dollar volume of business this year
\(x=\) Miles customer is from corporate headquarters
The following quantities were computed:
\[\begin{aligned} \hat{y} &=2,140.23-10.12 x \\ s_{b_{1}} &=3.12 \end{aligned}\]
- Interpret the regression slope coefficient in the context of this problem.
- Develop a 95% confidence interval estimate of the change in the amount of total dollar volume you would expect to see if a company relocated to a site that was an additional 100 miles from Shelton's corporate headquarters.
Deliverable: Word Document 
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