Question
10.44
10.44
Predicting 2013 tuition from 2000 tuition.
Refer to
Exercise 10.21
(
page 506
).
tuit
Find a 95% confidence interval for the mean tuition amount corresponding to a 2000 tuition of $3872.
Find a 95% prediction interval for a future response corresponding to a 2000 tuition of $3872.
Write a short paragraph interpreting the meaning of the intervals in terms of public universities.
Do you think that these results can be applied to private universities? Explain why or why not.