Concept explainers
ONLY PART 4!!
The following table(see attachment) compares U.S. population (millions) with U.S. per-capita consumption of bottled water (gallons). Answer the following questions.
1. Determine the least-squares regression line and the value of r.
2. Compute a 95% confidence interval for mean of the per capita consumption of bottled water, given the U.S. population is 320 million.
3. Compute a 95% prediction interval for an individual observation of per capita consumption of bottled water, given the U.S. population is 320 million.
4. Compare the confidence interval and prediction interval. Which one is wider? And why?
You may use the critical values as below:
t(0.025,3)= 3.182446, t(0.025,4)=2.776445.
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