Consider the data set below. Use Table 2 of Appendix B.question 9attahed in ss belowtahnaksaorihro Consider the data set below. Use Table 2 of Appendix B.Excel File: data14-33.xlsxa. Estimate the standard deviation of when = 8 (to 4 decimals).b. Develop a 95% confidence interval for the expected value of y when = 8 (to 2 decimals).(c.Estimate the standard deviation of an individual value ofy when = 8 (to 4 decimals).d. Develop a 95% prediction interval for y when # = 8 (to 2 decimals).03 0I34 55 4012 655201410 15

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Consider the data set below. Use Table 2 of Appendix B. Excel File: data14-33.xlsx a. Estimate the standard deviation of when z = 8 (to 4 decimals). Z₂ 34 b. Develop a 95% confidence interval for the expected value of y when z = 8 (to 2 decimals). c.Estimate the standard deviation of an individual value of y when z = 8 (to 4 decimals). d. Develop a 95% prediction interval for y when z = 8 (to 2 decimals). 3 12 6 20 14 55 40 55 10 15

Consider the data set below. Use Table 2 of Appendix B. Excel File: data14-33.xlsx a. Estimate the standard deviation of when z = 8 (to 4 decimals). Z₂ 34 b. Develop a 95% confidence interval for the expected value of y when z = 8 (to 2 decimals). c.Estimate the standard deviation of an individual value of y when z = 8 (to 4 decimals). d. Develop a 95% prediction interval for y when z = 8 (to 2 decimals). 3 12 6 20 14 55 40 55 10 15

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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