Question: Use the outlier deleted data of Exercise 12 59 to predict
Use the outlier- deleted data of Exercise 12.59 to predict overhead costs of a contract when the contractor has 500 employees, the contract is 2.50% of the contractor’s income, and personnel costs are 55% of direct costs. Obtain a 95% prediction interval. Would overhead costs equal to 88.9% of direct costs be unreasonable in this situation?
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