Refer to Exercise 11.85. a. Using no information about x, estimate and calculate a 95% confidence interval
Question:
Refer to Exercise 11.85.
a. Using no information about x, estimate and calculate a 95% confidence interval for the mean value of y. [Hint: Use the one-sample t methodology of Section 5.4.]
b. Plot the estimated mean value and the confidence interval as horizontal lines on your scatterplot.
c. Compare the confidence intervals you calculated in parts c and d of Exercise 11.77 with the one you calculated in part a of this exercise. Does x appear to contribute information about the mean value of y?
d. Check the answer you gave in part c with a statistical test of the null hypothesis H0: b1 = 0 against Ha: b1 ≠ 0. Use a = .05.
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9781292413396
14th Global Edition
Authors: James McClave, P. Benson, Terry Sincich
Question Posted: