Question: Compare the estimates. Case 18 in Table 10.3 (Purdue) has a 2000 tuition of $3872 and a 2008 tuition of $7750. A predicted 2013 tuition
Compare the estimates. Case 18 in Table 10.3
(Purdue) has a 2000 tuition of $3872 and a 2008 tuition of $7750. A predicted 2013 tuition amount based on 2008 tuition was computed in Exercise 10.43, while one based on the 2000 tuition was computed in Exercise
==10.44. Compare these two estimates and explain why they differ. Use the idea of a prediction interval to interpret these results.
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