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12. Regression
12. Regression / Prediction Intervals / Problem 14
Problem 14

Using the regression equation y^=5.2+2.3x \(\hat{y}\) = 5.2 + 2.3x to predict the number of visitors at a museum based on advertising dollars spent (in units of thousands), find the 90%90\% prediction interval for x=30 x = 30 if sy=4.5 s_y = 4.5 , n=12 n = 12 , xˉ=28 \(\bar{x}\) = 28 , and (xixˉ)2=48 \(\sum\) (x_i - \(\bar{x}\))^2 = 48 . Use the appropriate t t^* value for 1010 degrees of freedom.