Question

In: Statistics and Probability

Use the data and develop 95% and 99% prediction intervals for the following A. the hours...

Use the data and develop 95% and 99% prediction intervals for the following
A. the hours per week that an individual will spend in his vehicle
B. the number of miles driven per week
Vehicle Driven Type Satisfaction with vehicle Gender Age # of hours per week in vehicle Miles driven per week Number of Children Average number of riders Miles from work
Truck Domestic Yes Male 31 10 450 0 1 30
Truck Domestic Yes Male 29 5 370 1 1 22
Truck Foreign No Male 26 12 580 0 1 15
Truck Domestic No Male 18 6 300 0 1 20
SUV Domestic Yes Male 49 21 1000 0 1 22
SUV Foreign Yes Male 50 16 840 2 1 45
SUV Domestic Yes Male 48 15 1400 3 4 25
SUV Foreign Yes Male 45 5 300 2 2 20
SUV Domestic Yes Male 45 15 850 0 1 25
SUV Domestic Yes Male 44 10 700 2 1 40
SUV Foreign Yes Male 41 5 350 1 1 20
SUV Domestic Yes Male 41 30 1500 4 3 15
SUV Foreign No Female 39 6 280 1 1 17
SUV Foreign Yes Female 36 4 400 0 1 20
SUV Foreign Yes Female 33 3 420 0 1 25
SUV Domestic Yes Male 31 10 675 0 1 35
SUV Domestic No Female 31 15 800 1 1 50
SUV Domestic No Female 29 4 300 1 1 20
SUV Domestic Yes Male 28 3 400 1 1 15
Mini Van Domestic Yes Female 55 8 400 0 2 0
Mini Van Domestic No Female 43 10 700 2 3 0
Mini Van Domestic Yes Female 41 10 720 1 2 15
Mini Van Foreign Yes Female 38 10 450 4 5 0
Mini Van Foreign Yes Female 39 15 1000 1 2 0
Mini Van Domestic No Male 35 5 350 2 2 0
Mini Van Domestic Yes Female 33 10 800 2 3 0
Mini Van Foreign Yes Female 32 2 200 4 5 5
Mini Van Foreign Yes Female 28 8 350 3 4 0
Car Domestic Yes Female 21 4 150 0 1 0
Car Domestic No Female 62 5 175 0 2 0
Car Domestic Yes Female 61 5 355 0 1 15
Car Foreign Yes Male 60 5 150 0 1 10
Car Domestic No Male 58 10 600 0 1 35
Car Domestic Yes Female 51 11 600 0 1 40
Car Domestic Yes Female 47 4 300 0 1 21
Car Domestic No Male 46 4 275 0 1 18
Car Domestic No Male 44 6 285 2 3 16
Car Foreign No Female 42 5 400 2 3 22
Car Foreign Yes Female 41 5 350 2 2 23
Car Domestic No Female 41 10 600 1 2 34
Car Domestic Yes Female 39 10 700 1 2 45
Car Foreign Yes Female 34 10 600 1 2 16
Car Foreign Yes Male 33 5 400 1 2 22
Car Foreign Yes Male 30 5 350 1 2 18
Car Domestic Yes Female 29 5 250 0 1 19
Car Foreign Yes Female 27 6 355 0 2 23
Car Foreign Yes Female 26 5 175 0 1 11
Car Domestic No Female 24 5 300 0 1 4
Car Domestic Yes Female 22 5 350 0 1 3
Car Foreign No Female 19 5 500 0 2 4

Solutions

Expert Solution

Critical t-value for the 95% and 99% prediction interval are 2.0096 and 2.68 respectively.

Sample size =50

Obtained using Excel formula,=T.INV.2T(1-alpha, 49)

Now the sample mean and sample standard deviation are

Sample Mean Sample Standard deviation
hours per week individual will spend in the vehicle 8.16 5,1641
Number of miles driven per week 502.1 292.1648

Now Prediction interval formula for the unknown standard deviation of the population is

PI =x_bar

a.

95% Prediction Interval


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