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 $814. The equation of the regression line is y = 1.431x- 17.649. Wages (state), x Wages (federal), y 700 752 790 823 853 877 912 921 949 969 1,027 1,040 1,095 1,143 1,184 1,246 1,270 1,304 1,338 1,402 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 $814. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 99% confident that when the average weekly wages of state government employees is $814, the average weekly wages of federal government employees will be between $ and $ O B. There is a 99% chance that the predicted average weekly wages of federal government employees is between S and $ given a state average weekly wage of $814.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
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 $814.
The equation of the regression line is y = 1.431x - 17.649.
Wages (state), x
Wages (federal), y
700
752
790
823
853
877
912
921
949
969
1,027
1,040
1,095
1,143
1,184
1,246
1,270
1,304
1,338
1,402
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 $814. Select the correct choice below and fill in the answer boxes to complete your choice.
(Round to the nearest cent as needed.)
O A. We can be 99% confident that when the average weekly wages of state government employees is $814, the average weekly wages of federal government
employees will be between $
and $
O B. There is a 99% chance that the predicted average weekly wages of federal government employees is between S
and $
given a state average weekly
wage of $814
Transcribed Image Text: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 $814. The equation of the regression line is y = 1.431x - 17.649. Wages (state), x Wages (federal), y 700 752 790 823 853 877 912 921 949 969 1,027 1,040 1,095 1,143 1,184 1,246 1,270 1,304 1,338 1,402 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 $814. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 99% confident that when the average weekly wages of state government employees is $814, the average weekly wages of federal government employees will be between $ and $ O B. There is a 99% chance that the predicted average weekly wages of federal government employees is between S and $ given a state average weekly wage of $814
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Fundamental Theorem
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman