The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2600 thousand. The equation of the regression line is y=1.228x+331.966
The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2600 thousand. The equation of the regression line is y=1.228x+331.966
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
100%
The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a
99%
prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is
2600
thousand. The equation of the regression line is y=1.228x+331.966
Company_1,_x Company_2,_y
4093 4929
3976 4820
3557 4800
3411 4732
3296 4619
3102 4487
2859 4048
2488 3809
1970 2919
1625 2002
1946 2176
Construct and interpret a
99%
prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is
2600
thousand. Select the correct choice below and fill in the answer boxes to complete your choice.(Round to the nearest cent as needed.)
There is a
99%
chance that the predicted new-vehicle sales for Company 2 is between
enter your response here
and
enter your response here
thousand, given that the new-vehicle sales for Company 1 is
2600
thousand.We can be
99%
confident that when the new-vehicle sales for Company 1 is
2600
thousand, the new-vehicle sales for Company 2 will be between
enter your response here
and
enter your response here
thousand.
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