You used the sum-mated rating of a restaurant to predict the cost of a meal. The data
Question:
a. Construct a 95% confidence interval estimate of the mean cost of a meal for restaurants that have a summated rating of 50.
b. Construct a 95% prediction interval of the cost of a meal for an individual restaurant that has a summated rating of 50.
c. Explain the difference in the results in (a) and (b).
For Information: Problem 13.5
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Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 772
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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