Question

Access the data labeled Debt_Payments from the text website and estimate Debt = β0 + β1Income + , where Debt is the average debt payments for a household in a particular city (in $) and Income is the city’s median income (in $1,000s).
a. Construct the 95% confidence interval for expected debt payments if a city’s median income is $80,000.
b. Construct the 95% prediction interval for debt payments if a city’s median income is $80,000.



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  • CreatedJanuary 28, 2015
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