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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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
Transcribed Image Text: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 95% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2617 thousand. The equation of the regression line is y= 1.202x + 436.910.
Company 1, x
Company 2, y
4074
3959
3572
3435
3282
3061
2890
2513
1939
1609
1912
4911
4829
4814
4731
4670
4497
4050
3803
2927
2080
2249
Construct and interpret a 95% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2617 thousand. Select the correct choice below and fill in the answer boxes to complete your choice.
(Round to the nearest cent as needed.)
O A. We can be 95% confident that when the new-vehicle sales for Company 1 is 2617 thousand, the new-vehicle sales for Company 2 will be between
and
thousand.
O B. There is a 95% chance that the predicted new-vehicle sales for Company 2 is between
and
thousand, given that the new-vehicle sales for Company 1 is 2617 thousand.
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