Question: If appropriate create a 95 prediction interval for the amount
If appropriate, create a 95% prediction interval for the amount of monthly spending on restaurant meals, based on a monthly income of $6,000.
Answer to relevant QuestionsIf appropriate, create a 99% prediction interval for the total revenue of a global research company with 10,000 employees. Check that the requirements for the theoretical model are met for the data on monthly incomes and monthly spending on restaurant meals. Are there any outliers? Are there any influential observations? a. If appropriate, construct a 95% confidence interval estimate for the average exam mark of students who had a mark of 65% on the second test of a statistics course (using the data set described in Exercise 11). b. If ...Check the requirements for regression for the data set of overall average marks and company test scores from Exercise 20. In exercise A large company has developed a written test to screen applicants, and the mark on this ...It is often suggested that the Canadian stock market is very closely tied to the price of oil. Now you will get a chance to test whether this is true. A data set containing weekly values of the Toronto Stock Exchange ...
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