Example 1 in this section illustrated the procedure for finding a prediction interval for an individual value
Question:
Example 1 in this section illustrated the procedure for finding a prediction interval for an individual value of y. When using a specific value x0 for predicting the mean of all values of y, the confidence interval is as follows:
where
The critical value ta/2 is found with n - 2 degrees of freedom. Using the 23 pairs of chocolate/Nobel data from Table 10-1 in the Chapter Problem, find a 95% confidence interval estimate of the mean Nobel rate given that the chocolate consumption is 10 kg per capita.
Table 10-1:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematical Interest Theory
ISBN: 9781470465681
3rd Edition
Authors: Leslie Jane, James Daniel, Federer Vaaler
Question Posted: