Refer to the Weekly Earnings data set below.
College Student Weekly Earnings (n = 5) | ||||||
Hours Worked (X) | Weekly Pay (Y) | |||||
10 | 93 | |||||
15 | 171 | |||||
20 | 204 | |||||
20 | 156 | |||||
35 | 261 | |||||
(a) Use MegaStat or Minitab to find confidence and prediction intervals for Y using the following set of x values: 12, 17, 21, 25, and 30. (Round your answers to 3 decimal places.)
Predicted values for: Weekly Pay (Y)
95% Confidence Intervals | 95% Prediction Intervals | ||||
Hours Worked (X) | Predicted | lower | upper | lower | upper |
12 | 128.314 | ||||
17 | 158.743 | ||||
21 | 183.086 | ||||
25 | 207.429 | ||||
30 | 237.857 | ||||
(b) Report the 95 percent confidence interval and prediction interval for x = 17. (Round your answers to 3 decimal places.)
95% confidence interval is from to .
95% prediction interval is from to .
(c) Calculate the 95 percent confidence interval for μy using the appropriate method. (Round your answers to 3 decimal places.)
95% confidence interval is from to .
I know the answers from part a - b; however, part c is very confusing.
efer to the Weekly Earnings data set below. College Student Weekly Earnings (n = 5) Hours Worked (X) Weekly Pay (Y) 10 93 15 171 20 204 20 156 35 261 Click here for the Excel Data File (a) Use M
Refer to the Weekly Earnings data set below. College Student Weekly Earnings (n = 5)Hours Worked (X)Weekly Pay (Y)109315171202042015635261(c) Calculate the 95 percent confidence interval for μy using the appropriate method. (Round your answers to 3 decimal places.) 95% confidence interval is from to .
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