It was hypothesized that the number of bottles of craft beer sold per evening in the restaurants
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It was hypothesized that the number of bottles of craft beer sold per evening in the restaurants of a city depends linearly on the average costs of meals in the restaurants.
The following results were obtained for a sample of n = 17 restaurants, of approximately equal size, where y = number of bottles sold per evening x = average cost, in dollars, of a meal
Compute a 95% prediction interval and a 95% confidence interval for the number of bottles of beer sold when the average cost of a meal is $27.
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Related Book For
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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