(Solution Library) In Exercises 15.44-15.47, we repeat information from exercises 15.10—15.13. Presuming that the assumptions for regression inferences are met,
Question: In Exercises 15.44-15.47, we repeat information from exercises 15.10—15.13. Presuming that the assumptions for regression inferences are met, determine the required confidence and prediction intervals. (Recall that you previously obtained the sample regression equations in Exercises 14.42—14.45 and the standard errors of the estimate in Exercises 15.14-15.17.)
Custom Homes. Following are the size and price data, or custom homes from Exercise 15.12.
- Determine a point estimate for the mean price of all 2800-sq-ft Equestrian Estate homes.
- Find a \(99 \%\) confidence interval for the mean price of all 2800-sq-ft Equestrian Estate homes.
- Find the predicted price of a 2800-sq-ft Equestrian Estate home.
- Determine a \(99 \%\) prediction interval for the price of a 2800-sq-ft Equestrian Estate home.
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