MATH 1342 TD 001 FALL 2017 AUG 28, 2017 DEC 15, 2017 mework: Section 9.3 Homewor

Question

MATH 1342 TD 001 FALL 2017 AUG 28, 2017 DEC 15, 2017 mework: Section 9.3 Homework e: 0 of 1 pt 9.3.25-T ble below shows the avwrage weekly wages n dolars) for state govemment employees and fedoral govenment enployees for 10 years Construct and inerpret 11 (11 complete, %prediction interval for the ave 30 1 382 utandint pets 99%pr de on itraslla -average weekly wages effederal g verrn er ten yees whnhe average nekly wages efst tege errment employees is $894 Sled the core ato nearest cent as nee ) Theresa99% chance hat the predded.veage weekly wam of federal governmertemployees is betem S-and slem a sit..vengewetly age a sM Wecan be 99% contort hat-henthe average weekly wages of government employees is sasane average weekly wages of tedral govermert erpleyees wa be between S-and$ to compl your elect and enter your arswers) and then click Check Answer showing 6 0

Explanation / Answer

The statistical software output for this problem is:

Simple linear regression results:
Dependent Variable: y
Independent Variable: x
y = -5.4517153 + 1.4071324 x
Sample size: 10
R (correlation coefficient) = 0.98011455
R-sq = 0.96062454
Estimate of error standard deviation: 25.07087

Parameter estimates:

Analysis of variance table for regression model:

Predicted values:

Hence,

Option B; $ 1163.66; $ 1341.39

Parameter Estimate Std. Err. Alternative DF T-Stat P-value Intercept -5.4517153 87.234063 0 8 -0.062495259 0.9517 Slope 1.4071324 0.10072238 0 8 13.970405 <0.0001

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