According to the National Marine Fisheries Service, the current landings in millions of pounds of fish by
Question:
According to the National Marine Fisheries Service, the current landings in millions of pounds of fish by U.S. fleets are almost double what they were in the 1970s. In other words, fishing has not faded as an industry. However, the growth of this industry has varied by region as shown in the following data. Some regions have remained relatively constant, the South Atlantic region has dropped in pounds caught, and the Pacific Alaska region has grown more than threefold.
Develop a simple regression model to predict the 2006 landings by the 1977 landings. According to the model, if a region had 700 landings in 1977, what would the predicted number be for 2006? Construct a confidence interval for the average y value for the 700 landings. Use the t statistic to test to determine whether the slope is significantly different from zero.
Use α =.05.
Step by Step Answer:
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black