Confidence Interval for the Slope Beta
Parameter: = the true slope of the population regression model relating to
Conditions (LINE):
- Linear: Scatterplot shows linear trend; residual plot has no curved pattern
- Independent: Observations are independent (10% condition for random samples)
- Normal: Residuals are approximately normal — check with histogram or Normal probability plot of residuals
- Equal variance: Residual plot shows consistent vertical spread across all values
Formula:
where is from the t-distribution with degrees of freedom.