Question

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)

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 Intervals95% Prediction Intervals
Hours Worked (X)Predictedlowerupperlowerupper
12128.314
17158.743
21183.086
25207.429
30237.857

 
(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.


0 0
Add a comment Improve this question Transcribed image text
Answer #1

3 bl Sxx 95% confidence internal at a=21ms (Yat Thoo app fås Chi (80-812,3 from T-table, Tn-21042 = 13,0.025 = 3.182 & (183.Page So SS Error - SSI - SSReg : 15318 - 12962.5714 -2355.4286 2355.08.86 785.1429 MSE=SSE n-2 MSE 28.0204 а a 95% prodictionDate Page 2. n. = 350 EX ANS) Given that X 8 Hours worked Yo bleekly pay Using Soccel for calculations, Ex= 100 885 542 - 235

answered by: ANURANJAN SARSAM
Add a comment
Know the answer?
Add Answer to:
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
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT