Question

In the offered table the data related to: Income Activities 1,250 35 1,400 38 1,375 31...

In the offered table the data related to:

Income Activities
1,250 35
1,400 38
1,375 31
1,825 45
1,175 20
1,740 39

With the variables of biweekly income and number of activities carried out by 6 people; find and analyze:

a) Error range
b) Estimate of the level of activities with an income of $1,600.

Math   Statistics-And-Probability   
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Answer #1

Answer:

a) Error would be as followed:

Calculated by using the formula, i.e, ei= yi-yi-hat

b) Estimation would be as followed:

Y= -4.0065+0.02647(1600)

Y= 38.346

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