You are given the following summary statistics from a regression analysis: yn = 200 + 150x SSE
Question:
You are given the following summary statistics from a regression analysis:
yn = 200 + 150x SSE = 25.25 SSX = Sum of square X = (x - x)2 = 99,645 n = 18 x = 52.0
a. Determine the point estimate for y if xp = 48 is used.
b. Provide a 95% confidence interval estimate for the average y, given xp = 48. Interpret this interval.
c. Provide a 95% prediction interval estimate for a particular y, given xp = 48. Interpret.
d. Discuss the difference between the estimates provided in parts b and c.
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Related Book For
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry
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