In: Statistics and Probability
Listed below are amounts of court income and salaries paid to the town justices for a certain town. All amounts are in thousands of dollars. Find the (a) explained variation, (b) unexplained variation, and (c) indicated prediction interval. There is sufficient evidence to support a claim of a linear correlation, so it is reasonable to use the regression equation when making predictions. For the prediction interval, use a 99% confidence level with a court income of $800,000. Court Income $61 $411 $1568 $1113 $271 $252 $110 $152 $32 Justice Salary $33 $41 $90 $50 $41 $59 $29 $25 $19