The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2705 thousand. The equation of the regression line is y = 1.208x+403.392. Company 1, x Company 2, y 4104 4949 3999 4854 3639 3441 4840 4727 3282 4658 3113 4496 2881 4092 2480 3809 1909 2919 1659 2003 1856 2175 Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2705 thousand. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) OA. We can be 99% confident that when the new-vehicle sales for Company 1 is 2705 thousand, the new-vehicle sales for Company 2 will be between and thousand. B. There is a 99% chance that the predicted new-vehicle sales for Company 2 is between and thousand, given that the new-vehicle sales for Company 1 is 2705thousand

The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2705 thousand. The equation of the regression line is y = 1.208x+403.392. Company 1, x Company 2, y 4104 4949 3999 4854 3639 3441 4840 4727 3282 4658 3113 4496 2881 4092 2480 3809 1909 2919 1659 2003 1856 2175 Construct and interpret a 99% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2705 thousand. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) OA. We can be 99% confident that when the new-vehicle sales for Company 1 is 2705 thousand, the new-vehicle sales for Company 2 will be between and thousand. B. There is a 99% chance that the predicted new-vehicle sales for Company 2 is between and thousand, given that the new-vehicle sales for Company 1 is 2705thousand

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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