Answer
Annual income for which experience is 12 years and level of education is 4:
The 95% confidence interval is between 15.5538 and 35.5759 thousands of dollars.
The 95% prediction interval is between -2.98733 and 54.1170 thousands of dollars.
Work Step by Step
In MINITAB, enter the Work Experience values in C1, the Level of Education values in C2 and the Annual Income values in C3.
Select Stat -> Regression -> Regression -> Predict
Enter 12 and 4 in the first row of the table.
Click in Options and enter the level of confidence. Click OK.
Click OK.
