Question
A Sport World Ltd.manager wishes to establish whether there is a relationship between golf club priceand number of units sold.A sample of10club prices last month
A Sport World Ltd.manager wishes to establish whether there is a relationship between golf club priceand number of units sold.A sample of10club prices last month showed the following quantities sold:
Club price$(X) | Numbers sold(Y) |
185 | 25 |
120 | 30 |
265 | 23 |
200 | 28 |
450 | 16 |
225 | 27 |
160 | 35 |
340 | 15 |
380 | 15 |
280 | 16 |
ROUND ALL answers to4decimal places
Step 4:Predict Y', the number of club sold per month at a price of $200.
Y'= (keep4decimal places)
Step 5:Determine the standard error
Se= (keep4decimal places)
Step 6:use the answers from step 4and 5tocompute the 90%confidence intervalfor the number of club sold per month at a price of $200.
the t value for 90% confidence interval (from the t table) is
The lower limit of the interval is (keep4decimal places)
The upper limit of the interval is (keep4decimal places)
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