Question

In: Statistics and Probability

Given are five observations for two variables, x and y. x i 1 2 3 4...

Given are five observations for two variables, x and y. x i 1 2 3 4 5 y i 4 8 5 11 13 Round your answers to two decimal places. a. Using the following equation: Estimate the standard deviation of ŷ* when x = 4. b. Using the following expression: Develop a 95% confidence interval for the expected value of y when x = 4. to c. Using the following equation: Estimate the standard deviation of an individual value of y when x = 4. d. Using the following expression: Develop a 95% prediction interval for y when x = 4. If your answer is negative, enter minus (-) sign. to

Solutions

Expert Solution

a)

standard deviation =1.21

b)

95% confidence interval =6.44 , 14.16

c)

standard deviation =2.52

d)

95% prediction interval =2.27 ,18.33


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