11.48 It was hypothesized that the number of bottles of craft beer sold per evening in the...

Question:

11.48 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 x = 25.5 y = 16.0 a

n i=1 1xi - x22 n - 1

= 350 a

n i=1 1xi - x21yi - y2 n - 1

= 180 a1yi - y22 n - 1

= 250 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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essential Mathematics And Statistics For Science

ISBN: 9780470694480

2nd Edition

Authors: Graham Currell, Dr. Antony Dowman

Question Posted: