You have been asked to study the relationship between mean health care costs and mean disposable income

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You have been asked to study the relationship between mean health care costs and mean disposable income using the state level data contained in the data file Economic Activity. Estimate the regression of health and personal expenditures on disposable income. Compute the 95% prediction interval and the 95% confidence interval for health and personal expenditures when disposable income is $32,000.
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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