Question
study of external disk drives finds the following. Capacity(in GB) 80 120 250 320 800 1500 4000 x=1010.00 SD(x)=1410.38 Price(in $) 27.95 36.00 50.95 64.95
study of external disk drives finds the following.
Capacity(in GB)
80
120
250
320
800
1500
4000
x=1010.00
SD(x)=1410.38
Price(in $)
27.95
36.00
50.95
64.95
89.00
205.00
439.00
y=130.41
SD(y)=148.61
The least squares line was found to be
Price=24.39+0.105Capacity with se=14.23 and SEb1=0.0041. Complete parts a through c below.
a) Find the predicted Price of a 800 GB hard drive.
The predicted Price of a 800 GB hard drive is $
(Round to two decimal places asneeded.)
b) Find the95% confidence interval for the mean Price of all 800 GB disk drives.
( , )
(Round to two decimal places as needed. Do not include the$ symbol in youranswer.)
c) Find the95% prediction interval for the Price of a 800 GB hard drive.
( , )
(Round to two decimal places as needed. Do not include the$ symbol in youranswer.)
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