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Author Question: Many factors affect the price of wine. One factor that is expected to be related to price is taste. ... (Read 523 times)

crazycityslicker

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on: Apr 14, 2020
Many factors affect the price of wine. One factor that is expected to be related to price is taste. Twenty-five random bottles of wine were selected and scored on a scale from 0 to 20 for taste, where the higher the score, the better the taste. The price of the bottle of wine (in dollars) was also recorded. A regression analysis was run where price was predicted by taste with the following results. Assume the conditions for the linear regression model hold.


If we wanted to estimate the average price of all bottles of wine with a taste score of 18, we would use a
◦ Confidence Interval
◦ Prediction Interval
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Marked as best answer by crazycityslicker on Apr 14, 2020

dantucker

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Reply #1 on: Apr 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply 2 on: Apr 14, 2020
Great answer, keep it coming :)

epscape

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Reply 3 on: Yesterday
Excellent

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