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.

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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9781292413396

14th Global Edition

Authors: James McClave, P. Benson, Terry Sincich

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