Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $818. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 99% confident that when the average weekly wages of state government employees is $818, the average weekly wages of federal government employees will be between $ and $ O B. There is a 99% chance that the predicted average weekly wages of federal government employees is between $ and $ given a state average weekly wage of $818.
Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $818. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 99% confident that when the average weekly wages of state government employees is $818, the average weekly wages of federal government employees will be between $ and $ O B. There is a 99% chance that the predicted average weekly wages of federal government employees is between $ and $ given a state average weekly wage of $818.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 99%
prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $818. The equation of the
regression line is y = 1.451x - 40.698.
Wages (state), x
Wages (federal), y
713
760
785
805
851
870
921
926
947
985
1,002
1,045
1,091
1,145
1,185
1,239
1,281
1,307
1,320
1,400
Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is
$818. Select the correct choice below and fill in the answer boxes to complete your choice.
(Round to the nearest cent as needed.)
O A. We can be 99% confident that when the average weekly wages of state government employees is $818, the average weekly wages of federal government employees will be
between $
and $
O B. There is a 99% chance that the predicted average weekly wages of federal government employees is between $
and $
given a state average weekly wage of $818.
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