You are given the same test scores (x) and weekly sales (y) data as in problem 7a. Weekly Sales (y)-in thou, of dollars Salesperson Mr. Amber Test Score (x) 4 1. $6 $12 $4 $8 2. Mr. Archer 3 6 3. Ms. Smith 4. Mr. Malcolm 5. Ms. Goodwin $1 10 What is the regression equation that can be estimated from this data? (i.e., of the form y'=a+bx where y' stands for predicted.) What is the standard error of the estimate? Construct 90% confidence intervals for the mean value of y given that x=4.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...
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You are given the same test scores (x) and weekly sales (y) data as in problem 7a.
Weekly Sales (y)-in thou, of dollars
Salesperson
Mr. Amber
Test Score (x)
4
1.
$6
$12
$4
$8
2.
Mr. Archer
3
6
3.
Ms. Smith
4.
Mr. Malcolm
5.
Ms. Goodwin
$1
10
What is the regression equation that can be estimated from this data? (i.e., of the form
y'=a+bx where y' stands for predicted.) What is the standard error of the estimate?
Construct 90% confidence intervals for the mean value of y given that x=4.
Transcribed Image Text:You are given the same test scores (x) and weekly sales (y) data as in problem 7a. Weekly Sales (y)-in thou, of dollars Salesperson Mr. Amber Test Score (x) 4 1. $6 $12 $4 $8 2. Mr. Archer 3 6 3. Ms. Smith 4. Mr. Malcolm 5. Ms. Goodwin $1 10 What is the regression equation that can be estimated from this data? (i.e., of the form y'=a+bx where y' stands for predicted.) What is the standard error of the estimate? Construct 90% confidence intervals for the mean value of y given that x=4.
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