Consider again the data in Exercise 29 about the fuel economy and weights of cars. In exercise
Question:
Consider again the data in Exercise 29 about the fuel economy and weights of cars.
In exercise
A consumer organization has reported test data for 50 car models. We will examine the association between the weight of the car (in thousands of pounds) and the fuel efficiency (in miles per gallon). Use the data provided on the disk to answer the following questions, where the response variable is fuel efficiency (mpg).
a) Create a 95% confidence interval for the average fuel efficiency among cars weighing 2500 pounds, and explain what your interval means.
b) Create a 95% prediction interval for the gas mileage you might get driving your new 3450-pound SUV, and explain what that interval means.
Step by Step Answer:
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman