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The following MINITAB output relates to a house having 2,000 square feet and a rating of 8. New Obs Fit SE Fit 95% CI 95%
The following MINITAB output relates to a house having 2,000 square feet and a rating of 8.
New Obs | Fit | SE Fit | 95% CI | 95% PIx |
1 | 159.983 | 9.60 | (137.287, 182.679) | (114.812, 205.155) |
(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 3 decimal places.)
(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 3 decimal places.)
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