Correct! Correct Answers What is the relationship between the amount spent per week on food and the size of the family? Do larger families spend more on food? A random sample of 10 families revealed the following figures for family size and the amount spent on food per week. Observation Family Size Amount Spent on Food ($) 3 99 6 104 5 151 6 129 6 142 3 111 4 74 91 119 91 1 2 3 4 5 6 7 8 9 10 4 5 3 Construct a 95% prediction interval for the amount spent on food for a particular family having a size of 4. Provide upper limit explicitly. Note. Round your final answer to 4 decimal places. 156.206 Between 156.2 and 156.21
Correct! Correct Answers What is the relationship between the amount spent per week on food and the size of the family? Do larger families spend more on food? A random sample of 10 families revealed the following figures for family size and the amount spent on food per week. Observation Family Size Amount Spent on Food ($) 3 99 6 104 5 151 6 129 6 142 3 111 4 74 91 119 91 1 2 3 4 5 6 7 8 9 10 4 5 3 Construct a 95% prediction interval for the amount spent on food for a particular family having a size of 4. Provide upper limit explicitly. Note. Round your final answer to 4 decimal places. 156.206 Between 156.2 and 156.21
Correct! Correct Answers What is the relationship between the amount spent per week on food and the size of the family? Do larger families spend more on food? A random sample of 10 families revealed the following figures for family size and the amount spent on food per week. Observation Family Size Amount Spent on Food ($) 3 99 6 104 5 151 6 129 6 142 3 111 4 74 91 119 91 1 2 3 4 5 6 7 8 9 10 4 5 3 Construct a 95% prediction interval for the amount spent on food for a particular family having a size of 4. Provide upper limit explicitly. Note. Round your final answer to 4 decimal places. 156.206 Between 156.2 and 156.21
[Regression Analysis] How do you solve this question WITHOUT USING ANY CODE? The answer is provided in the picture, but I need help on how to solve the problem by hand. Please include any formulas used and show all calculations. Thank you!
Definition Definition Statistical method that estimates the relationship between a dependent variable and one or more independent variables. In regression analysis, dependent variables are called outcome variables and independent variables are called predictors.
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