Solution) Presuming that the assumptions for regression inferences are met, determine the required confiden

Question: 82 Presuming that the assumptions for regression inferences are met, determine the required confidence and prediction intervals.

Following are the size and price data for custom homes from Exercise 15.18.

X	26 27 33 29 29 34 30 40 22
Y	540 555 575 577 606 661 738 804 496

a. Determine a point estimate for the mean price of all 2800-sq-ft Equestrian Estate homes.

b. Find a 99% confidence interval for the mean price of all 2800-sq-ft Equestrian Estate homes.

c. Find the predicted price of a 2800-sq-ft Equestrian Estate home.

d. Determine a 99% predication interval for the price of a 2800-sq-ft Equestrian Estate home.

Price: $2.99

Solution: The solution consists of 4 pages
Type of Deliverable: Word Document