Question: In exercise 12, the following data on x = average daily hotel room rate and y = amount spent on entertainment ( The Wall Street
In exercise 12, the following data onx= average daily hotel room rate andy= amount spent on entertainment (The Wall Street Journal, August 18, 2011) lead to the estimated regression equation= 17.49 + 1.0334x. For these data SSE = 1541.4. Click on the webfile logo to reference the data.
City Room Rate Entertainment
Boston 148 161
Denver 96 105
Nashville 91 101
New Orleans 110 142
Phoenix 90 100
San Diego 102 120
San Francisco 136 167
San Jose 90 140
Tampa 82 98
a.Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals).
$
b.Develop a 95% confidence interval for the mean amount spent on entertainment for all cities that have a daily room rate of $89 (to 2 decimals).
$to $
c.The average room rate in Chicago is $128. Develop a 95% prediction interval for the amount spent on entertainment in Chicago (to 2 decimals).
$to $
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