Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(n = 50) (k =8) Use the standard error to construct an approximate prediction interval for Y using an alpha of 5%. (Round your answer

image text in transcribed

(n = 50) (k =8)

Use the standard error to construct an approximate prediction interval for Y using an alpha of 5%. (Round your answer to 3 decimal places.) Prediction interval for Y: yiy^i

Based on the width of this prediction interval, would you say the predictions are good enough to have practical value?

  • Yes

  • No

pit Midwest Neast Seast State AL West 0 1 AK 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 OOOOOOOOOO 0 1 1 0 0 0 AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT 1 ColGrad% 19.8 28.7 27.9 17.5 30.4 35.4 36.9 25.6 25.5 26.9 30.6 25.9 29.5 22.5 24.5 30.4 19.0 19.7 24.2 36.3 36.8 24.6 34.3 21.9 24.9 25.4 25.1 23.5 32.8 36.3 27.2 30.3 25.4 27.2 22.9 24.0 29.1 25.8 29.2 24.2 25.1 21.6 25.4 29.8 34.4 30.7 30.9 15.1 25.1 22.0 Dropout 19.1 8.3 14.3 18.6 19.7 10.8 10.0 13.2 13.2 14.3 12.7 10.9 12.7 12.8 10.1 8.6 21.1 19.8 12.8 13.0 12.5 11.5 7.3 20.1 14.6 7.9 10.3 13.4 8.1 13.0 19.0 14.4 16.0 10.0 12.1 14.8 11.3 13.7 16.0 17.0 11.5 18.2 21.8 7.3 10.0 13.9 8.5 17.6 9.5 9.1 EdSpend 1221 2187 1137 1158 1657 1599 2142 1687 1286 1648 1347 1244 2334 1644 1407 1418 1263 1367 1716 1627 1807 1880 1860 1178 1288 1312 1373 1516 1632 1903 1608 2046 1233 1316 1667 1163 1384 1617 1594 1422 1329 1079 1696 1319 1948 1631 1561 1538 1792 1896 Metro% 89.2 74.7 96.7 78.8 99.3 91.6 100.0 100.0 97.8 91.0 100.0 86.1 95.2 94.1 72.4 84.7 75.6 93.2 70.5 98.5 99.6 92.1 87.2 77.8 86.2 64.8 79.7 98.0 96.4 100.0 95.9 97.7 91.7 69.2 95.5 84.2 96.1 96.9 100.0 93.5 71.3 89.5 93.8 94.8 73.7 89.1 96.4 75.0 85.9 71.5 Age 37.4 33.9 34.5 37.0 34.4 34.7 39.3 37.9 39.5 34.3 38.5 34.6 35.6 36.1 38.6 36.1 37.5 35.4 41.2 37.1 38.2 36.9 36.7 35.5 37.4 40.2 36.2 35.2 39.5 38.0 36.2 37.5 36.2 39.1 37.6 36.5 37.0 39.7 38.4 37.1 37.0 37.3 33.2 28.5 40.7 37.2 36.7 40.7 37.9 39.1 LPRFem 55.8 65.6 57.4 54.9 57.6 65.3 60.0 61.1 55.4 59.2 60.1 61.3 59.7 61.0 65.4 64.5 55.4 54.9 61.0 62.3 61.9 59.7 69.0 55.5 62.7 62.0 68.5 59.3 64.7 58.4 57.5 56.2 58.8 67.6 60.4 57.6 59.0 58.1 61.7 59.5 69.4 57.4 58.2 62.7 65.8 60.8 61.2 49.1 66.6 65.3 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 VA WA w WI WY 0 0 0 0 0 0 1 0 0 1 0 0 1 pit Midwest Neast Seast State AL West 0 1 AK 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 OOOOOOOOOO 0 1 1 0 0 0 AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT 1 ColGrad% 19.8 28.7 27.9 17.5 30.4 35.4 36.9 25.6 25.5 26.9 30.6 25.9 29.5 22.5 24.5 30.4 19.0 19.7 24.2 36.3 36.8 24.6 34.3 21.9 24.9 25.4 25.1 23.5 32.8 36.3 27.2 30.3 25.4 27.2 22.9 24.0 29.1 25.8 29.2 24.2 25.1 21.6 25.4 29.8 34.4 30.7 30.9 15.1 25.1 22.0 Dropout 19.1 8.3 14.3 18.6 19.7 10.8 10.0 13.2 13.2 14.3 12.7 10.9 12.7 12.8 10.1 8.6 21.1 19.8 12.8 13.0 12.5 11.5 7.3 20.1 14.6 7.9 10.3 13.4 8.1 13.0 19.0 14.4 16.0 10.0 12.1 14.8 11.3 13.7 16.0 17.0 11.5 18.2 21.8 7.3 10.0 13.9 8.5 17.6 9.5 9.1 EdSpend 1221 2187 1137 1158 1657 1599 2142 1687 1286 1648 1347 1244 2334 1644 1407 1418 1263 1367 1716 1627 1807 1880 1860 1178 1288 1312 1373 1516 1632 1903 1608 2046 1233 1316 1667 1163 1384 1617 1594 1422 1329 1079 1696 1319 1948 1631 1561 1538 1792 1896 Metro% 89.2 74.7 96.7 78.8 99.3 91.6 100.0 100.0 97.8 91.0 100.0 86.1 95.2 94.1 72.4 84.7 75.6 93.2 70.5 98.5 99.6 92.1 87.2 77.8 86.2 64.8 79.7 98.0 96.4 100.0 95.9 97.7 91.7 69.2 95.5 84.2 96.1 96.9 100.0 93.5 71.3 89.5 93.8 94.8 73.7 89.1 96.4 75.0 85.9 71.5 Age 37.4 33.9 34.5 37.0 34.4 34.7 39.3 37.9 39.5 34.3 38.5 34.6 35.6 36.1 38.6 36.1 37.5 35.4 41.2 37.1 38.2 36.9 36.7 35.5 37.4 40.2 36.2 35.2 39.5 38.0 36.2 37.5 36.2 39.1 37.6 36.5 37.0 39.7 38.4 37.1 37.0 37.3 33.2 28.5 40.7 37.2 36.7 40.7 37.9 39.1 LPRFem 55.8 65.6 57.4 54.9 57.6 65.3 60.0 61.1 55.4 59.2 60.1 61.3 59.7 61.0 65.4 64.5 55.4 54.9 61.0 62.3 61.9 59.7 69.0 55.5 62.7 62.0 68.5 59.3 64.7 58.4 57.5 56.2 58.8 67.6 60.4 57.6 59.0 58.1 61.7 59.5 69.4 57.4 58.2 62.7 65.8 60.8 61.2 49.1 66.6 65.3 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 VA WA w WI WY 0 0 0 0 0 0 1 0 0 1 0 0 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management Accounting With Myaccountinglab And

Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg, Dave Burgstahler

1st Edition

1292178116, 978-1292178110

More Books

Students also viewed these Accounting questions

Question

What is the environment we are trying to create?

Answered: 1 week ago

Question

How can we visually describe our goals?

Answered: 1 week ago