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    Estimated Regression Equation for Estimation and Prediction

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    Data on x = temperature rating (F°) and y = price ($) for 11 sleeping bags manufactured by Bergans of Norway provided the estimated regression equation ÿ = 359.2668 - 5.2772x. For these data s = 37.9372.

    Model Rating Price
    Ranger 3-Seasons 12 319
    Ranger Spring 24 289
    Ranger Winter 3 389
    Rondane 3-Seasons 13 239
    Rondane Summer 38 149
    Rondane Winter 4 289
    Senja Ice 5 359
    Senja Snow 15 259
    Senja Zero 25 229
    Super Light 45 129
    Tight and Light 25 199

    Round your answers to 2 decimal places.

    a. Develop a point estimate of the price for a sleeping bag with a temperature rating of 30.

    b. Develop a 95% confidence interval for the mean overall temperature rating for all sleeping bags with a temperature rating of 30.

    c. Suppose that Bergans developed a new model with a temperature rating of 30. Develop a 95% prediction interval for the price of this new model.

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    https://brainmass.com/physics/temperature/estimated-regression-equation-estimation-prediction-468417

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    Estimated Regression Equation for Estimation and Prediction
    Data on x = temperature rating (F°) and y = price ($) for 11 sleeping bags manufactured by Bergans of Norway provided the estimated regression equation ÿ = 359.2668 - 5.2772x. For these data s = 37.9372.
    Model Rating Price
    Ranger 3-Seasons 12 319
    Ranger Spring 24 289
    Ranger Winter 3 389
    Rondane 3-Seasons 13 239
    Rondane Summer 38 149
    Rondane Winter 4 289
    Senja Ice 5 359
    Senja Snow 15 259
    Senja ...

    Solution Summary

    The expert estimates regression equations for estimation and predictions.

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