For the American Express example, give a 95% prediction interval for the amount charged by a member

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For the American Express example, give a 95% prediction interval for the amount charged by a member who traveled 5,000 miles. Compare the result with the one for x = 4,000 miles.

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Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

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Question Posted: Jun 03, 2015 06:11 AM

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For the American Express example, give a 95% prediction interval for the amount charged by a member

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