Question

In: Statistics and Probability

Given are five observations for two variables, x and y. xi 1 2 3 4 5...

Given are five observations for two variables, x and y.

xi 1 2 3 4 5
yi 3 8 6 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.

to

Solutions

Expert Solution

a)

std error of confidence interval = s*√(1/n+(x0-x̅)2/Sxx)= 0.9950~ 0.99

b)

for 95 % confidence and 3degree of freedom critical t= 3.1820
95% confidence interval =xo -/+ t*standard error= (7.33,13.67)

c)

std error of prediction interval=s*√(1+1/n+(x0-x̅)2/Sxx)= 2.0712~ 2.07

d)

for 95 % confidence and -2degree of freedom critical t= 3.1820
95% prediction interval =xo -/+ t*standard error= (3.91,17.09)

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