Financial institutions have a legal and social responsibilit…

Financial institutions have a legal and social responsibility to serve all communities. Do banks adequately serve both inner-city and suburban neighborhoods, both poor and wealthy communities? In New Jersey, banks have been charged with withdrawing from urban areas with a high percentage of minorities. To examine this charge, a regional New Jersey newspaper compiled county-by-county data on the number of people per bank branch (y) and the percentage of the population in each county that is minority (x).  A simple linear regression model y  =  βo + β1 x + ε was fitted using JMP. Find the 99% Confidence Interval for Beta1. What does this confidence interval indicate about the overall usefulness of the regression model?