=+a) A 95% prediction interval for a customer with a household income of $80,000 is ($35.60, $55.60).

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=+a) A 95% prediction interval for a customer with a household income of $80,000 is ($35.60, $55.60). Explain to the restaurant owner how she should interpret this interval.

b) A 95% confidence interval for the mean amount spent weekly to eat out by people with a household income of

$80,000 is ($40.60, $50.60). Explain to a restaurant owner how to interpret this interval.

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Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

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Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

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Question Posted: Sep 20, 2024 07:02 AM

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=+a) A 95% prediction interval for a customer with a household income of $80,000 is ($35.60, $55.60).

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Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

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