Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Disk drives have been getting larger. Their capacity is now often given in terabytes (TB) where 1 TB = 1000 gigabytes, or about a trillion
Disk drives have been getting larger. Their capacity is now often given in terabytes (TB) where 1 TB = 1000 gigabytes, or about a trillion bytes. A study of external disk drives finds the data available below. The least squares line was found to be Price = 14.67 + 63.558 Capacity with S. = 39.10 and SE (b, ) = 10.5359. Complete parts a through c below. Click the icon to view the external disk drive data. a) Find the predicted Price of a 2 TB hard drive. The predicted Price of a 2 TB hard drive is $. (Round to the nearest cent as needed.) X b) Find the 95% confidence interval for the mean Price of all 2 TB disk drives. External disk drive data (Round to two decimal places as needed. Do not include the $ symbol in your answer.) Capacity (TB) Price ($) 0.15 36.00 c) Find the 95% prediction interval for the Price of a 2 TB hard drive. 0.25 38.50 0.32 49.50 75.00 (Round to two decimal places as needed. Do not include the $ symbol in your answer.) 2 110.00 150.00 4 325.00 Mean 1.53 112.00 SD 1.51 102.69 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started