Use the MINITAB output from question 19 to construct a 95 % confidence interval for b. Also
Question:
Use the MINITAB output from question 19 to construct a 95 % confidence interval for
b. Also construct a 90 % confidence interval for
b. Which interval is larger?
Question 19
Ralph Farmer of the Department of Agriculture is interested in the relationship between the amount of fertilizer used and the number of bushels of wheat harvested. He collects the following information on six farmers.
Use MINITAB to do the following:
(a) Draw a scatter diagram for the data.
(b) Estimate the regression parameters for a and b.
(c) Calculate the standard error of the estimate and the standard error of the coefficient b.
(d) Calculate the t-value for the coefficient of b.
(e) If 210 lb of fertilizer is used, what amount of wheat can be expected to be harvested? What is the 95 % confidence interval?
Step by Step Answer:
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee