A study of external disk drives finds the following, The least squares line was found to be:

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A study of external disk drives finds the following,
Electricity Cost Month Machine Hours January 3,250 22,080 February 3,770 25,200 March 2,470 16,200 April 4,030 27,600 Ma

The least squares line was found to be: price = 18.64 + 0.104 Capacity with se = 17.95 and SE (b1) = 0.0051.
a) Find the predicted Price of a 1000 GB hard drive.
B) Find a 95% confidence interval for the mean Price of all 1000 GB disk drives.
c) Find the 95% prediction interval for the Price of a 1000 GB hard drive.

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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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