Eruptions of the Old Faithful geyser in Yellowstone National Park typically last from 1.5 to 5 minutes.
Question:
a. Construct a scatterplot of the points (Ti, Ti+1), for i = 1, . . . , 59.
b. Compute the least-squares line for predicting Ti+1 from Ti. T1, . . . , T59, and the values of the dependent variable (y) are T2, . . . , T60.)
c. Find a 95% confidence interval for the slope β1.
d. If the waiting time before the last eruption was 70 minutes, what is the predicted waiting time before the next eruption?
e. Find a 98% confidence interval for the mean waiting time before the next eruption when the time before the last eruption was 70 minutes.
f. Find a 99% prediction interval for the waiting time before the next eruption, if the time before the last eruption was 70 minutes.
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