In: Statistics and Probability
Given are five observations for two variables, x and y. (Round your answers to two decimal places.) xi 1 2 3 4 5 yi 3 8 6 11 14 (a) Use sŷ* = s 1 n + (x* − x)2 Σ(xi − x)2 to estimate the standard deviation of ŷ* when x = 3. Incorrect: Your answer is incorrect. (b) Use ŷ* ± tα/2sŷ* to develop a 95% confidence interval for the expected value of y when x = 3. to (c) Use spred = s 1 + 1 n + (x* − x)2 Σ(xi − x)2 to estimate the standard deviation of an individual value of y when x = 3. (d) Use ŷ* ± tα/2spred to develop a 95% prediction interval for y when x = 3.