Question: Refer to the data in Exercise 11.29. (a) Estimate the expected selling price of homes that were assessed at $290,000 and construct a 95% confidence

Refer to the data in Exercise 11.29.
(a) Estimate the expected selling price of homes that were assessed at $290,000 and construct a 95% confidence interval. Interpret.
(b) For a single home that was assessed at $290,000, give a 95% prediction interval for the selling price. Interpret.
Data From Exercise 11.29

$1000) ($1000) 283.5 288.0 290.0 291.2 270.5 276.2 300.8 307.0 310.2 311.0 294.6 299.0 320.0 318.0

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a For x 290 using the fitted line we see that y 08694290 4158 293... View full answer

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