Question
Correctly identify the prediction interval, rounded to 4 decimal places. Construct a 90% prediction interval for the price per gallon of milk when 165 billion
Correctly identify the prediction interval, rounded to 4 decimal places. Construct a 90% prediction interval for the price per gallon of milk when 165 billion pounds of milk is produced. The amounts of milk produced in the United States and the average prices (in dollars) per gallon of milk for nine years is given below. (Round to four decimal places). Milk produced, x 157.6 163.5 170.1 170.5 170.9 177.0 194.8 185.9 195.0 Price per gallon, y 2.79 2.91 2.68 3.85 3.23 3.24 3.02 5.87 3.89 =__________ = 1 + 1 + ( )2 2( )2 =__________ =__________ 0 =__________ =___________ 2 =________ =_________ = ________________ There is a 90% probability that the price per gallon (y) value is between (_______________, _______________), based on 165 billion pounds of milk being produced.Page 5 of 5 (2 points) BONUS: Correctly identify the prediction interval, rounded to 4 decimal places. Construct a 90% prediction interval for the price per gallon of milk when 165 billion pounds of milk is produced. The amounts of milk produced in the United States and the average prices (in dollars) per gallon of milk for nine years is given below. (Round to four decimal places). Milk produced, x 157.6 163.5 170.1 170.5 170.9 177.0 194.8 185.9 195.0 Price per gallon, y 2.79 2.91 2.68 3.85 3.23 3.24 3.02 5.87 3.89 =__________ = 1 + 1 + ( )2 2( )2 =__________ =__________ 0 =__________ =___________ 2 =________ =_________ = ________________ There is a 90% probability that the price per gallon (y) value is between (_______________, _______________),
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