Question: The following partial MINITAB regression output for the Fresh detergent data relates to predicting demand for future sales periods in which the price difference will
.png)
a. Report (as shown on the computer output) a point estimate of and a 95 percent confidence interval for the mean demand for Fresh in all sales periods when the price difference is .10.
b. Report (as shown on the computer output) a point prediction of and a 95 percent prediction interval for the actual demand for Fresh in an individual sales period when the price difference is. 10.
c. Remembering that s = .316561 and that the distance value equals (sÅ·/s)2, use Sa from the computer output to hand calculate the distance value when x = .10.
d. For this case: n = 30, b0 = 7.81409, b1 = 2.6652, and s = .316561. Using this information, and your result from part (c), find 99 percent confidence and prediction intervals for mean and individual demands when x = .10.
e. Repeat parts (a), (b), (c), and (d) when x = .25.
Predicted Values for New Observations New Obs Pit SE Pit 95% CI 1 8.0806 0.0648 (7.9479, 8.2133) (7.4187, 8.7425) 2 8.4804 0.0586 (8.3604, 8.6004) (7.8209, 9.1398) 95% pl
Step by Step Solution
3.42 Rating (155 Votes )
There are 3 Steps involved in it
a 80806 7948 8213 b 80806 7419 8743 c dv 06483165... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
750-M-S-L-R (6727).docx
120 KBs Word File
