In a simple linear regression based on eight observations, the following sample regression is obtained: y =
Question:
In a simple linear regression based on eight observations, the following sample regression is obtained: ŷ = 9.15 + 1.46x with se = 2.67. Also, when x equals 15, se(ŷ0) = 1.06.
a. Construct the 95% confidence interval for E(y) if x = 15.
b. Construct the 95% prediction interval for y if x = 15.
c. Which interval is wider? Explain.
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a With df n k 1 8 1 1 6 and 005 we find t 2 df t 00256 2447 b ...View the full answer
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9781259957611
3rd Edition
Authors: Sanjiv Jaggia
Question Posted:
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