Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 726: 35j

Answer

The 95% confidence interval is between 6567.88 and 7415.44 dollars. (for the mean price of all diamonds with 0.85 carat, color E, clarity VVS1)

Work Step by Step

With the results from item (e) still available in MINITAB: Select Stats -> Regression -> Regression -> Predict Enter 0.85, 2 and 3 in the first row of the table. Click in Options and enter the level of confidence. Click OK. Click OK.
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