Question

In: Statistics and Probability

You may need to use the appropriate appendix table or technology to answer this question. Given...

You may need to use the appropriate appendix table or technology to answer this question.

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 7 6 11 14

(a)

Use sŷ* = s

1
n
+
(x* − x)2
Σ(xix)2

to estimate the standard deviation of

ŷ*

when

x = 4.

(b)

Use

ŷ* ± tα/2sŷ*

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

x = 4.

to

(c)

Use spred = s

1 +
1
n
+
(x* − x)2
Σ(xix)2

to estimate the standard deviation of an individual value of y when

x = 4.

(d)

Use

ŷ* ± tα/2spred

to develop a 95% prediction interval for y when

x = 4.

Solutions

Expert Solution

SSE =Syy-(Sxy)2/Sxx= 7.2000
s2 =SSE/(n-2)= 2.4000
std error σ              = =se =√s2= 1.5492
predicted value at X=4 is:2.6*4+0.4= 10.800

a)

std error of CI=s*√(1/n+(x0-x̅)2/Sxx)= 0.85

b)

for 95 % CI value of t= 3.182
margin of error E=t*std error= 2.700
lower confidence bound=xo-E= 8.10
Upper confidence bound=xo+E= 13.50

95% Confidence interval =(8.10 , 13.50)

c)

std error of PI=s*√(1+1/n+(x0-x̅)2/Sxx)= 1.77

d)

for 95 % CI value of t= 3.182
margin of error E=t*std error= 5.621
lower confidence bound=xo-E= 5.18
Upper confidence bound=xo+E= 16.42

95% prediction interval =(5.18 , 16.42)


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