The data is Income and brings two variables, consumption, and income (in 1,000 dollars). We want to predict consumption based on income, i.e., income is the independent variable. Use Excel to calculate the regression equation. Calculate the upper bound of a 99% confidence interval estimate of ŷ. when income (x*) is 22.15. Use s = 9.76 Hint: use the examples in slides # 5 to 7 of Ch. 14 L05 Confidence & Prediction Intervals to guide you. The upper confidence interval is: For all your calculations AND final answer, round up to three decimal places. B
The data is Income and brings two variables, consumption, and income (in 1,000 dollars). We want to predict consumption based on income, i.e., income is the independent variable. Use Excel to calculate the regression equation. Calculate the upper bound of a 99% confidence interval estimate of ŷ. when income (x*) is 22.15. Use s = 9.76 Hint: use the examples in slides # 5 to 7 of Ch. 14 L05 Confidence & Prediction Intervals to guide you. The upper confidence interval is: For all your calculations AND final answer, round up to three decimal places. B
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Transcribed Image Text:The data is Income and brings two variables, consumption, and income (in 1,000 dollars).
We want to predict consumption based on income, i.e., income is the independent variable.
Use Excel to calculate the regression equation.
Calculate the upper bound of a 99% confidence interval estimate of ŷ. when income (x*) is
22.15. Use s = 9.76
Hint: use the examples in slides # 5 to 7 of Ch. 14 L05 Confidence & Prediction Intervals to
guide you.
The upper confidence interval is:
For all your calculations AND final answer, round up to three decimal places.
B
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