It was hypothesized that the number of bottles of craft beer sold per evening in the restaurants
Question:
n = 17 restaurants, of approximately equal size, where
y = number of bottles sold per evening
x = average cost, in dollars, of a meal
Compute a 95% prediction interval and a 95% confidence interval for the number of bottles of beer sold when the average cost of a meal is $27.
Transcribed Image Text:
-25.5 y= 16.0 1-1 = 350 1n 1 Σ(xi-x)(yi-y) -1
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180350 0514 160514255 2893 28930514x ...View the full answer
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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