Exercise 14 31 Algo The Fresh Detergent Case The Following Partial Jmp Regression Output For The Fresh Detergent Data 1 (30.51 KiB) Viewed 29 times
Exercise 14 31 Algo The Fresh Detergent Case The Following Partial Jmp Regression Output For The Fresh Detergent Data 2 (29.54 KiB) Viewed 29 times
Exercise 14.31 (Algo) THE FRESH DETERGENT CASE The following partial JMP regression output for the Fresh detergent data relates to predicting demand for future sales perlods in which the price difference will be 10. SE Fit = 160663141, s 731900, 31 Predicted Demand 8.187854685 Stderr Indiv Demand 0.749326534 Lower 95% Mean Demand 7.858751051 Lower 95% Indiv Demand 6.652028358 Upper 95% Mean Demand 8.516958320 Upper 95% Mean Demand 9.722781013 Click here for the Excel Dato File (a) Report a point estimate of and a 95 percent confidence interval for the mean demand for Fresh in all sales perlods when the price difference is 10. (Round your Cl answers to 3 decimal places and other answer to 4 decimal places.) Point estimate Confidence intervall
(b) Report a point prediction of and a 95 percent prediction interval for the actual demand for Fresh in an individual sales period when the price difference is 10. (Round your Pl answers to 3 decimal places and other answer to 4 decimal places.) Point estimate Confidence interval= (c) StdErr Indiv Demand on the JMP output equals 8/1 + distance value. Using this information, find 99 percent confidence and prediction intervals for mean and individual demands when x= 10. (Round your answers to 4 decimal places.) 99% CID 99% PLU
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