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The following MINITAB output relates to a house having 2,000 square feet and a rating of 8. New Obs 1 Fit 162.4417 SE Fit
The following MINITAB output relates to a house having 2,000 square feet and a rating of 8. New Obs 1 Fit 162.4417 SE Fit 6.77 95% CI 95% PI (146.44, 178.45) (120.00, 204.89) (a)Report a point estimate of and a 95 percent confidence interval for the mean sales price of all houses having 2,000 square feet and a rating of 8. (Round your answers to 2 decimal places.) Point estimate is y^: 95% confidence interval is L, 1 (b)Report a point prediction of and a 95 percent prediction interval for the actual sales price of an individual house having 2,000 square feet and a rating of 8. (Round your answers to 2 decimal places.) H Point prediction is y= 95% prediction interval is L. 1 (c)Find 99 percent confidence and prediction intervals for the mean and actual sales prices referred to in parts a and b. Hint: n = 10 and s = 16.625. (Round your answers to 2 decimal places.) 99% confidence interval for the mean sales is: L.] 99% prediction interval for the actual sales is: []
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