Question: =+a) A 95% prediction interval for a customer with a household income of $80,000 is ($35.60, $55.60). Explain to the restaurant owner how she should
=+a) A 95% prediction interval for a customer with a household income of $80,000 is ($35.60, $55.60). Explain to the restaurant owner how she should interpret this interval.
b) A 95% confidence interval for the mean amount spent weekly to eat out by people with a household income of
$80,000 is ($40.60, $50.60). Explain to a restaurant owner how to interpret this interval.
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