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The following partial JMP regression output for the Fresh detergent data relates to predicting demand for future sales periods in which the price difference will
The following partial JMP regression output for the Fresh detergent data relates to predicting demand for future sales periods in which the price difference will be .10. SE Fit = .0647970, 5 = 0.316516 Lower 95% Mean Upper 95% Mean Predicted Demand Demand Demand 31 3.0306090242 7.9478783815 3.213339667 StdErr Indiv Lower 95% Indiv Upper 95% Mean Demand Demand Demand 0.3231244931 7.4187185048 8.7424995436 ' (a) Report a point estimate of and a 95 percent confidence interval for the mean demand for Fresh in all sales periods when the price difference is .10. (Round your Cl answers to 3 decimal places and other answer to 4 decimal places.) Point estimate = Condence interval = [ (b) Report a point prediction of and a 95 percent prediction interval for the actual demand for Fresh in an individual sales period when the price difference is .10. (Round your Pl answers to 3 decimal places and other answer to 4 decimal places.) Point estimate = Condence interval = [ (c) StdErr Indiv Demand on the JMP output equals SV1 + distance value . Using this information, find 99 percent confidence and prediction intervals for mean and individual demands when x = .10. (Round your answers to 4 decimal places.) 99% C.I.:[ 99% P.I.:[
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