Construct the 95% Prediction Interval Estimate for the actual tax for one the house with an asking price of $400,000 and 50 years old, I have attatched the regression table and data below.
Construct the 95% Prediction Interval Estimate for the actual tax for one the house with an asking price of $400,000 and 50 years old, I have attatched the regression table and data below.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Construct the 95% Prediction
Expert Solution
Step 1: Write the given information
Given the data as
Yearly Taxes | Asking Price | Age |
4176 | 450.0 | 29 |
5004 | 539.0 | 52 |
2868 | 309.0 | 65 |
5088 | 549.0 | 43 |
4584 | 494.0 | 54 |
3948 | 425.0 | 55 |
3900 | 419.9 | 56 |
4056 | 437.5 | 35 |
4344 | 468.9 | 57 |
3432 | 369.9 | 59 |
5100 | 550.0 | 69 |
3408 | 368.0 | 81 |
4536 | 489.0 | 62 |
3432 | 369.9 | 63 |
3984 | 332.0 | 107 |
3900 | 420.0 | 66 |
5520 | 595.0 | 71 |
5208 | 550.0 | 52 |
4068 | 439.0 | 68 |
5424 | 584.5 | 30 |
4176 | 450.0 | 66 |
5292 | 569.0 | 29 |
4272 | 459.9 | 39 |
6216 | 669.9 | 18 |
3876 | 418.0 | 58 |
4356 | 469.0 | 65 |
5376 | 579.0 | 30 |
4452 | 479.9 | 52 |
4452 | 480.0 | 52 |
4308 | 464.9 | 58 |
4272 | 459.9 | 64 |
5748 | 619.0 | 29 |
5556 | 599.0 | 62 |
5568 | 599.9 | 37 |
5424 | 585.0 | 82 |
4644 | 499.9 | 46 |
4680 | 504.9 | 38 |
4452 | 479.9 | 55 |
4968 | 535.0 | 52 |
3936 | 424.9 | 53 |
3480 | 375.0 | 52 |
5088 | 549.0 | 39 |
3204 | 346.0 | 69 |
4176 | 449.9 | 50 |
4968 | 535.0 | 69 |
2508 | 269.9 | 67 |
3576 | 385.0 | 68 |
3708 | 399.9 | 71 |
4644 | 500.0 | 49 |
5472 | 590.0 | 77 |
6492 | 700.0 | 12 |
3528 | 379.9 | 68 |
4548 | 489.9 | 69 |
4800 | 518.0 | 50 |
4032 | 434.9 | 46 |
4080 | 439.9 | 21 |
4176 | 450.0 | 70 |
4920 | 529.9 | 52 |
3336 | 360.0 | 32 |
5796 | 625.0 | 65 |
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