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For 40 eruptions of the Old Faithful Geyser in Yellowstone National Park, duration times (sec) were recorded along with the time intervals (min) after the eruptions. The linear correlation coefficient is r=.687 and the regression equation is y^ = 47.4 + .180x, where x represents duration time. The mean of the 40 duration times is 245.0 sec and the mean of the 40 interval times is 91.4 min. What is the best predicted interval time following an eruption with a duration time of 120 min?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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