Use the real estate sales price data in Table 13.7 to find (1) A point estimate of

Question:

Use the real estate sales price data in Table 13.7 to find

(1) A point estimate of and a 95 percent confidence interval for the mean sales price of all houses having a size of 20 (that is, 2,000 square feet).

(2) A point prediction of and a 95 percent prediction interval for the sales price of a single house having a size of 20.

Table 13.7

y ....................x
180..............23
98.1.............11
173.1..........20
136.5..........17
141.............15
165.9..........21
193.5.........24
127.8.........13
163.5.........19
172.5.........25

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Business Statistics In Practice Using Data Modeling And Analytics

ISBN: 9781259549465

8th Edition

Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree

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Question Posted: Nov 26, 2018 10:28 AM

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Use the real estate sales price data in Table 13.7 to find (1) A point estimate of

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1 Point estimate y 480244 5700320 1620304 distance 95 ...View the full answer

Business Statistics In Practice Using Data Modeling And Analytics

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