1. A publisher of books has produced five comparable Statistical Managemen books with the following costs. Both values are in thousands. Quantity produced (x000) 1 2 4 5 7 Manufacturing 5 5.9 6.5 7.5 8 Cost (x000) Calculate the predicted value and the residuals of this data. Construct 99% confidence interval for the intercept. Construct 99% confidence interval for the slope.

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1.
A publisher of books has produced five comparable Statistical Management
books with the following costs. Both values are in thousands.
Quantity
produced
(x000)
1
2
4
5
7
Manufacturing
Cost (x000)
5.9
6.5
7.5
8
d)
e)
Calculate the predicted value and the residuals of this data.
Construct 99% confidence interval for the intercept.
Construct 99% confidence interval for the slope.
Test for significance of regression by ANOVA and interpret your conclusion.
f)
g)
Transcribed Image Text:1. A publisher of books has produced five comparable Statistical Management books with the following costs. Both values are in thousands. Quantity produced (x000) 1 2 4 5 7 Manufacturing Cost (x000) 5.9 6.5 7.5 8 d) e) Calculate the predicted value and the residuals of this data. Construct 99% confidence interval for the intercept. Construct 99% confidence interval for the slope. Test for significance of regression by ANOVA and interpret your conclusion. f) g)
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