Suppose an All Greens store in Sonoma, California, wants to estimate a range of advertising costs appropriate to its store. If it spends too little on advertising, it will not reach enough customers. However, it does not want to overspend on advertising for this type and size of store. At this store, x1 = 163, x2 = 2.4, x3 = 188, x5 = 6.6, and x6 = 10. Use these data to predict x4 (advertising costs) and find an 80% confidence interval for your prediction. (Use 2 decimal places.) prediction lower limit upper limit At the 80% confidence level, what range of advertising costs do you think is appropriate for this store? (Round to nearest integer.) lower limit $ upper limit $
Suppose an All Greens store in Sonoma, California, wants to estimate a range of advertising costs appropriate to its store. If it spends too little on advertising, it will not reach enough customers. However, it does not want to overspend on advertising for this type and size of store. At this store, x1 = 163, x2 = 2.4, x3 = 188, x5 = 6.6, and x6 = 10. Use these data to predict x4 (advertising costs) and find an 80% confidence interval for your prediction. (Use 2 decimal places.) prediction lower limit upper limit At the 80% confidence level, what range of advertising costs do you think is appropriate for this store? (Round to nearest integer.) lower limit $ upper limit $
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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Suppose an All Greens store in Sonoma, California, wants to estimate a range of advertising costs appropriate to its store. If it spends too little on advertising, it will not reach enough customers. However, it does not want to overspend on advertising for this type and size of store. At this store, x1 = 163, x2 = 2.4, x3 = 188, x5 = 6.6, and x6 = 10. Use these data to predict x4 (advertising costs) and find an 80% confidence interval for your prediction. (Use 2 decimal places.)
At the 80% confidence level, what range of advertising costs do you think is appropriate for this store? (Round to nearest integer.)
prediction | |
lower limit | |
upper limit |
At the 80% confidence level, what range of advertising costs do you think is appropriate for this store? (Round to nearest integer.)
lower limit | $ |
upper limit | $ |
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