Question: Use the model for credit card balances illustrated in Exhibit 14.32 to create a 95% prediction interval for the monthly credit card balance of a

Use the model for credit card balances illustrated in Exhibit 14.32 to create a 95% prediction interval for the monthly credit card balance of a credit card holder where the age of the head of household is 45, income is $65,000, and the value of the home is $175,000. Do you think this regression model is useful?

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We have 95 confidence that the interval 67545 248674 contains the monthly credit card bill ... View full answer

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