In a simple linear regression analysis attempting to link lottery sales (y) to jackpot amount (x), the following data are available: The slope term (b) of the estimated regression equation turns out to be 3.5.The intercept term (a) turns out to be 20.Show the 95% prediction interval for sales for an individual case in which the jackpot is $9 (million).Show the upper bound for the interval.
A)55.6
B)78.2
C)62.4
D)73.7
E)81.1

Question

In a simple linear regression analysis attempting to link lottery sales (y) to jackpot amount (x), the following data are available:  The slope term (b) of the estimated regression equation turns out to be 3.5.The intercept term (a) turns out to be 20.Show the 95% prediction interval for sales for an individual case in which the jackpot is $9 (million).Show the upper bound for the interval.
A)55.6 
B)78.2 
C)62.4 
D)73.7 
E)81.1

Quizplus · Accepted Answer

The Answer of In a simple linear regression analysis attempting to link lottery sales (y) to jackpot amount (x), the following data are available:  The slope term (b) of the estimated regression equation turns out to be 3.5.The intercept term (a) turns out to be 20.Show the 95% prediction interval for sales for an individual case in which the jackpot is $9 (million).Show the upper bound for the interval.
A)55.6 
B)78.2 
C)62.4 
D)73.7 
E)81.1

In a Simple Linear Regression Analysis Attempting to Link Lottery