Based on a sample of n = 20, the least squares method was used to develop the
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Based on a sample of n = 20, the least squares method was used to develop the following prediction line: ŷi = 5 + 3Xi. In addition,
a. Construct a 95% confidence interval estimate of the population mean response for X = 2.
b. Construct a 95% prediction interval of an individual response for X = 2.
Transcribed Image Text:
Syx = 1.01-2 Σ(Xi-X)2 = 20
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a When X 2 5 3X 5 32 11 95 confidence interv...View the full answer
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Related Book For
Business Statistics A First Course
ISBN: 9780321979018
7th Edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
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