14th Edition

ISBN: 9780134685090

Author: STEPHAN

Publisher: VST

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A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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Textbook Question

Chapter 13, Problem 58PS

In Problem 13.4 on page 493, you used the percentage of alcohol to predict wine quality. The data are stored in VinhoVerde. For these data, S Y X = 0.9369 and h i = 0.024934 X = 10.

a. Construct a 95 % confidence interval estimate of the mean wine quality rating for all wings that have 10 % alcohol.

b. Construct a 95 % prediction interval of the wine quality rating of an individual wine that has 10 % alcohol.

c. Explain the difference in the result in (a) and (b),

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Chapter 13, Problem 57PS

Chapter 13, Problem 59PS

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Chapter 13 Solutions

EBK BASIC BUSINESS STATISTICS

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