Refer to the simple linear regression of number of employees y and age x for fast-growing firms,
Question:
Refer to the simple linear regression of number of employees y and age x for fast-growing firms,
Exercises 9.21,9.29, and 9.41. The SAS printout of the analysis is reproduced on page 526.
a. A 95% prediction interval for y when x = 10 is shown at the bottom of the printout. Interpret this interval.
b. How would the width of a 95% confidence interval for E(y) when x = 10 compare to the interval, part a?
c. Would you recommend using the model to predict the number of employees at a firm that has been in business two years'? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9780130272935
8th Edition
Authors: James T. McClave, Terry Sincich, P. George Benson
Question Posted: