Over the years, it was noticed that the cost of a slice of pizza and the cost of a subway fare in a certain city seemed to increase by the same amounts. Let x represent the cost of a slice of pizza and let y represent the corresponding subway fare. Use the following statistics that were obtained from a random sample of costs (in dollars) of pizza/subway fares to construct a prediction interval estimate of the subway fare with 99% confidence when the cost of a slice of pizza is
$2.40.
n = 6 |
b0 = 0.03456 |
b1 = 0.94502 |
|
x overbar = 1.0833333 |
∑x = 6.50 |
∑x2 equals = 9.77 |
s Subscript e = 0.123 |
The 99% prediction interval is ___ < y < ___
Get Answers For Free
Most questions answered within 1 hours.