In Problem 13.5 on page 436, you used the summated rating of a restaurant to predict the

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In Problem 13.5 on page 436, you used the summated rating of a restaurant to predict the cost of a meal. The data are stored in Restaurants.

a. Construct a 95% confidence interval estimate of the mean cost of a meal for restaurants that have a summated rating of 50.

b. Construct a 95% prediction interval of the cost of a meal for an individual restaurant that has a summated rating of 50.

c. Explain the difference in the results in (a) and (b).

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Statistics For Managers Using Microsoft Excel

ISBN: 9780134173054

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Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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Question Posted: Jan 25, 2017 07:49 AM

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In Problem 13.5 on page 436, you used the summated rating of a restaurant to predict the

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a 222655 yx50 3175918563 b 09503 x50 5307443064 c Part b provides an interval prediction for the in...View the full answer

Statistics For Managers Using Microsoft Excel

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