Determining the prediction interval

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1. The following are midterm and ?nal examination test scores for 10 calculus students, where denotes the midterm score and denotes the ?nal score for each student.

x

68

87

75

91

82

77

86

82

75

79

y

74

89

80

93

88

79

97

95

89

92

Obtain a 95% prediction interval for = 92 and interpret its meaning.

2. The following data give the annual incomes (in thousands of dollars) and amounts (in thousands of dollars) of life insurance policies for eight persons.

Annual income

42

58

27

36

70

24

53

37

Life insurance

150

175

25

75

250

50

250

100

Obtain a 90% prediction interval for = 59 and interpret its meaning.

Reference no: EM13965338

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