Question

In: Statistics and Probability

Given are five observations for two variables, x and y. (Round your answers to two decimal...

Given are five observations for two variables, x and y. (Round your answers to two decimal places.)

xi

3 12 6 20 14

yi

55 40 55 10 15

(a)

Estimate the standard deviation of

ŷ*

when

x = 10.

(b)

Develop a 95% confidence interval for the expected value of y when

x = 10.

to

(c)

Estimate the standard deviation of an individual value of y when

x = 10.

(d)

Develop a 95% prediction interval for y when

x = 10.

------- to ---------

Solutions

Expert Solution

Answer:

Given,

x y (x-xbar)^2 (y-ybar)^2 (x-xbar)(y-ybar)
1 3 55 64 400 -150
2 12 40 1000 -25 5
3 6 55 25 400 -100
4 20 10 81 625 -225
5 14 15 9 400 -60
Total 55 175 180 1850 -540
Mean 11 35 SSX SSY SXY

Slope = -3.0000

Intercept = 68.0000

sample n = 5

SST = 1850

SSE = 230

SSR =1620

a)

Standard error of the confidence interval = s*sqrt(1 / n+(x - xbar)^2/Sxx)

substituting values & the we get

= 3.97

b)

Here for 95% confidence interval

alpha = 0.05

degree of freedom = 3

t(alpha/2 , df) = t(0.05/2 , 3) = 3.182

CI = x +/- t*standard error

substitute values & then we get

= (25.37 , 50.63)

c)

Standard error of prediction interval = s*sqrt(1 + 1/n+(x-xbar)^2/Sxx)

substitute values & then we get

= 9.61

d)

Now for 95 % confidence interval & -2 degree of freedom

Corresponding critical t value = 3.182

95% prediction interval = x +/- t*standard error

substitute values & then we get

= (7.41 , 68.59)


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