(c) Jensen expects to use the new machine 25 hours per week. Develop a 95% prediction interval for the company's annual maintenance expense (in hundreds of dollars). (Round your answers to two decimal places.) $ 29.74 x hundred to $47.48 x hundred Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage (hours) Annual Maintenance Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 40 51.5 38 40.0

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Author:Amos Gilat
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(c) Jensen expects to use the new machine 25 hours per week. Develop a 95% prediction interval for the company's annual maintenance expense (in
hundreds of dollars). (Round your answers to two decimal places.)
$ 29.74
x hundred to $47.48
x hundred
Transcribed Image Text:(c) Jensen expects to use the new machine 25 hours per week. Develop a 95% prediction interval for the company's annual maintenance expense (in hundreds of dollars). (Round your answers to two decimal places.) $ 29.74 x hundred to $47.48 x hundred
Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine.
Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual
maintenance expense (in hundreds of dollars).
Weekly Usage
(hours)
Annual
Maintenance
Expense
13
17.0
10
22.0
20
30.0
28
37.0
32
47.0
17
30.5
24
32.5
31
39.0
40
40
51.5
38
40.0
Transcribed Image Text:Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage (hours) Annual Maintenance Expense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 40 51.5 38 40.0
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