Question

In: Statistics and Probability

Suppose a government department would like to investigate the relationship between the cost of heating a...

Suppose a government department would like to investigate the relationship between the cost of heating a home during the month of February in the Northeast and the​ home's square footage. The accompanying data set shows a random sample of 10 homes. Construct a​ 90% prediction interval to estimate the cost in February to heat a Northeast home that is 3,100 square feet.

Heating Cost($)   Square_Footage
340 2430
300 2430
300 2020
260 2220
310 2310
460 2630
330 2210
400 3140
330 2530
380 2910

Determine the upper and lower limits of the prediction interval

UPL=____

LPL=____

Solutions

Expert Solution

from above LPL =315.32

UPL=514.16


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