Use the following to answer the question(s) below.
For many countries tourism is an important source of revenue. Data are collected on the number of foreign visitors to a country (in millions) and total tourism revenue (in billions of dollars) for a sample of 10 countries. Below is the regression analysis output with tourism revenue as the dependent variable.
-If we were interested in predicting the tourism revenue for a particular country that had 30 million foreign visitors
A) we should construct a confidence interval using the equation Tourism = 0.295 + 21.5 Visitors.
B) we should construct a prediction interval using the equation Tourism = 21.5 + 0.295 Visitors.
C) we should use the equation Tourism = 0.295 + 21.5 Visitors.
D) we should use the coefficient R2 = 0.634.
E) we should use the correlation coefficient r = = 0.796.

Question

Use the following to answer the question(s) below.
For many countries tourism is an important source of revenue. Data are collected on the number of foreign visitors to a country (in millions) and total tourism revenue (in billions of dollars) for a sample of 10 countries. Below is the regression analysis output with tourism revenue as the dependent variable. 
-If we were interested in predicting the tourism revenue for a particular country that had 30 million foreign visitors
A) we should construct a confidence interval using the equation Tourism = 0.295 + 21.5 Visitors. 
B) we should construct a prediction interval using the equation Tourism = 21.5 + 0.295 Visitors. 
C) we should use the equation Tourism = 0.295 + 21.5 Visitors. 
D) we should use the coefficient R2 = 0.634. 
E) we should use the correlation coefficient r = = 0.796.

Quizplus · Accepted Answer

The Answer is B

Use the Following to Answer the Question(s) Below