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 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835. The equation of the regression line is hat (y) = 1366x + 35047. \table[[Wages (state), x, 700, 777, 781, 802, 838, 880, 908, 938, 949,983], [ Wages (federal), y, 1, 024, 1,048, 1, 096, 1, 150, 1, 182, 1, 235, 1, 265, 1, 304, 1, 334, 1, 404]] Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) A. There is a 90% chance that the predicted average weekly wages of federal government employees is between $ and $ given a state average weekly wage of $835. B. We can be 90% confident that when the average weekly wages of state government employees is $835, the average weekly wages of federal government employees will be between $ and: K The table below shows the average wookly wages (in dollars) for state govemment employoos and federal govemment employees for 10 years. Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835 The equation of the regression Ine sy-1.366x35047 Wages (state) x Wages (federal), y 700 1,024 777 781 1.048 1,096 802 1,150 838 880 1,182 1.235 908 1,206 938 949 1.304 1.334 963 1404 9 Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835. Select the correct choice bolo and 11t in the answer boxes to complete your choice (Round to the nearest cent as needed) OA. There is a 90% chance that the predicted average weekly wages of federal government employees is between Sand S given a state average weekly wage of $835 OB. We can be 90% confident that when the average weekly wages of stale government employees is $835, the average weekly wages of federal government employees will be between S and:

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 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835. The equation of the regression line is hat (y) = 1366x + 35047. \table[[Wages (state), x, 700, 777, 781, 802, 838, 880, 908, 938, 949,983], [ Wages (federal), y, 1, 024, 1,048, 1, 096, 1, 150, 1, 182, 1, 235, 1, 265, 1, 304, 1, 334, 1, 404]] Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) A. There is a 90% chance that the predicted average weekly wages of federal government employees is between $ and $ given a state average weekly wage of $835. B. We can be 90% confident that when the average weekly wages of state government employees is $835, the average weekly wages of federal government employees will be between $ and: K The table below shows the average wookly wages (in dollars) for state govemment employoos and federal govemment employees for 10 years. Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835 The equation of the regression Ine sy-1.366x35047 Wages (state) x Wages (federal), y 700 1,024 777 781 1.048 1,096 802 1,150 838 880 1,182 1.235 908 1,206 938 949 1.304 1.334 963 1404 9 Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $835. Select the correct choice bolo and 11t in the answer boxes to complete your choice (Round to the nearest cent as needed) OA. There is a 90% chance that the predicted average weekly wages of federal government employees is between Sand S given a state average weekly wage of $835 OB. We can be 90% confident that when the average weekly wages of stale government employees is $835, the average weekly wages of federal government employees will be between S and:

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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