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    Business Statistics in Practice Study Set 1
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    Exam 11: Correlation Coefficient and Simple Linear Regression Analysis
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    Determine the 95% Prediction Interval for the Mean Value of Y
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Determine the 95% Prediction Interval for the Mean Value of Y

Question 21

Question 21

Essay

Determine the 95% prediction interval for the mean value of y when x = 8.5 Givens: ∑ x = 163.65 and ∑ x2 = 1763.418

Correct Answer:

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3264.02 to 4292.38
Y = 3778.2
...

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