Question

In: Math

Given the data listed in the table, calculate the lower and upper bound for the 95%...

Given the data listed in the table, calculate the lower and upper bound for the 95% confidence interval for the mean at X = 7. The regression equation is given by y^ = b0 + b1x.

Regression Statistics
Statistic Value
b0 4.3
b1 0.50
x 5.36
se 3.116
SSX 25.48
SST 58.25
n 40

Give your answers to 2 decimal places. You may find this Student's t distribution table useful.

a) Lower bound =

b)Upper bound =

Solutions

Expert Solution

a) Lower bound = 7.23.

b)Upper bound = 8.37. (Using 2 decimal places).


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