The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2766 thousand. The equation of the regression line is y = 1.208x+410.022. Company 1, x Company 2, y 4074 3966 3637 3416 3292 3083 2860 2474 1995 4932 4843 4799 4750 4666 4459 4050 3841 2965 1616 1948 2054 2234 Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2766 thousand. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) A. We can be 99% confident that when the new-vehicle sales for Company 1 is 2766 thousand, the new-vehicle sales for Company 2 will be between and thousand. B. There is a 99% chance that the predicted new-vehicle sales for Company 2 is between and thousand, given that the new-vehicle sales for Company 1 is 2766 thousand.
The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2766 thousand. The equation of the regression line is y = 1.208x+410.022. Company 1, x Company 2, y 4074 3966 3637 3416 3292 3083 2860 2474 1995 4932 4843 4799 4750 4666 4459 4050 3841 2965 1616 1948 2054 2234 Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2766 thousand. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) A. We can be 99% confident that when the new-vehicle sales for Company 1 is 2766 thousand, the new-vehicle sales for Company 2 will be between and thousand. B. There is a 99% chance that the predicted new-vehicle sales for Company 2 is between and thousand, given that the new-vehicle sales for Company 1 is 2766 thousand.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
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