Regression Analysis The local grocery store wants to predict the daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/Mega-Stat output given above summarizes the results of the regression model. What are the limits of the 99% prediction interval of the daily sales in dollars of an individual grocery store that has spent $3000 on advertising expenditures? The distance value for this particular prediction is reported as .164.
A)$64,496 to $102.170
B)$33,108 to $133,558
C)$71,324 to $95,342
D)$51,314 to $115,353
E)$42,851 to $83,816

Question

Regression Analysis  The local grocery store wants to predict the daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/Mega-Stat output given above summarizes the results of the regression model. What are the limits of the 99% prediction interval of the daily sales in dollars of an individual grocery store that has spent $3000 on advertising expenditures? The distance value for this particular prediction is reported as .164.
A)$64,496 to $102.170 
B)$33,108 to $133,558 
C)$71,324 to $95,342 
D)$51,314 to $115,353 
E)$42,851 to $83,816

Quizplus · Accepted Answer

The Answer of Regression Analysis  The local grocery store wants to predict the daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects the store sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/Mega-Stat output given above summarizes the results of the regression model. What are the limits of the 99% prediction interval of the daily sales in dollars of an individual grocery store that has spent $3000 on advertising expenditures? The distance value for this particular prediction is reported as .164.
A)$64,496 to $102.170 
B)$33,108 to $133,558 
C)$71,324 to $95,342 
D)$51,314 to $115,353 
E)$42,851 to $83,816

Regression Analysis the Local Grocery Store Wants to Predict