Based on a sample of n = 20, the least-squares method was used to develop the following

Question:

Based on a sample of n = 20, the least-squares method was used to develop the following prediction line:
t = 5 + 3Xt,
In addition,

a. Construct a 95% confidence interval estimate of the population mean response for X = 2.
b. Construct a 95% prediction interval of an individual response for X = 2.

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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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Question Posted: Mar 29, 2016 06:53 AM

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Based on a sample of n = 20, the least-squares method was used to develop the following

Question:

Spr = 1.0-= 2 Σ(X-X)2-20

Step by Step Answer:

a When X 2 95 ...View the full answer

Basic Business Statistics Concepts And Applications

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