Question Help 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 $830. The equation of the regression line is y = 1.694x-246.436. Wages (state), x Wages (federal), y 756 775 795 815 845 870 903 929 931 950 1,035 1,061 1,103 1,133 1,190 1,235 1,276 1,310 1,329 1,378 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 $830. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. 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 $830. O B. We can be 99% confident that when the average weekly wages of state government employees is $830, the average weekly wages of federal government employees will be between $ and $

Question Help 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 $830. The equation of the regression line is y = 1.694x-246.436. Wages (state), x Wages (federal), y 756 775 795 815 845 870 903 929 931 950 1,035 1,061 1,103 1,133 1,190 1,235 1,276 1,310 1,329 1,378 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 $830. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. 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 $830. O B. We can be 99% confident that when the average weekly wages of state government employees is $830, the average weekly wages of federal government employees will be between $ and $

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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Concept explainers

Correlation

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.

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