In: Statistics and Probability
Listed below are amounts of court income and salaries paid to the town justices for a certain town. All amounts are in thousands of dollars. Find the (a) explained variation, (b) unexplained variation, and (c) indicated prediction interval. There is sufficient evidence to support a claim of a linear correlation, so it is reasonable to use the regression equation when making predictions. For the prediction interval, use a 99 99% confidence level with a court income of $800,000.
Court_Income   Justice_Salary
69   27
412   42
1587   94
1104   57
258   41
252   59
101   21
152   20
28   23