Refer to Exercise 16.16. Predict with 95% confidence the monthly office rent in a city when the vacancy rate is 8%.
Answer to relevant QuestionsRefer to Exercise 16.17a. Estimate with 95% confidence the mean annual income of 6’2” (74 inches) tall men.b. Suppose that an individual is 5’8” (68 inches). Predict with 95% confidence his annual income.Refer to Exercise 16.51. Annual income of someone who is 45 years old.Refer to Exercise 16.62. Number of children of a person with 11 years of education.Calculate and plot the residuals and predicted values of y for Exercise 16.5.Refer to Exercise 16.14.a. Determine the residuals and the standardized residuals.b. Draw the histogram of the residuals. Does it appear that the errors are normally distributed? Explain.c. Identify possible outliers.d. Plot ...
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