Answer:
($2.123 ; $2.149)
Step-by-step explanation:
The prediction interval is expressed as :
Predicted value ± standard Error
Predicted value = $2.136
Standard Error = $0.013
Prediction interval :
Lower boundary = $2.136 - $0.013 = $2.123
Upper boundary = $2.136 + $0.013 = $2.149
($2.123 ; $2.149)
B.) The prediction interval provides a range for which the predicted value or price should fall Given a certain degree of probability. If the true value falls within this interval, then, our prediction would be deemed to have occurred not by chance.
Since the actual price within the predicted price interval, then I agree with the judge's Decison that the price was not artificially depressed.
They would be perpendicular. hope this helps.
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Answer with explanation:</u></h2>
The confidence interval for population mean (when population standard deviation is unknown) is given by :-

, where n= sample size
= Sample mean
s= sample size
t* = Critical value.
Given : n= 25
Degree of freedom : 

Significance level for 98% confidence interval : 
Using t-distribution table ,
Two-tailed critical value for 98% confidence interval :

⇒ The critical value that should be used in constructing the confidence interval = 2.4922
Then, the 95% confidence interval would be :-




Hence, the 98% confidence interval for the mean repair cost for the dryers. = 
The answer you are looking for is $70
hope that helps!!!
I think the answer is maximum