The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $874. The equation of the regression line is y = 1.527x-108.012. Wages (state), x Wages (federal), y 958 736 1,021 772 1,058 794 1,093 813 837 885 922 932 945 1,137 1,197 1,251 1,284 1,302 1,327 1,375 Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $874. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) A. There is a 90% chance that the predicted average weekly wages of federal government employees is between $ and $.given a state average weekly wage of $874. B. We can be 90% confident that when the average weekly wages of state government employees is $874, the average weekly wages of federal government employees will be between $ and $

The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $874. The equation of the regression line is y = 1.527x-108.012. Wages (state), x Wages (federal), y 958 736 1,021 772 1,058 794 1,093 813 837 885 922 932 945 1,137 1,197 1,251 1,284 1,302 1,327 1,375 Construct and interpret a 90% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $874. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) A. There is a 90% chance that the predicted average weekly wages of federal government employees is between $ and $.given a state average weekly wage of $874. B. We can be 90% confident that when the average weekly wages of state government employees is $874, the average weekly wages of federal government employees will be between $ and $

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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