80.2K

Verified Solution

Link Copied!

answer all parts, a b &c please

show work

The Wall Street Journal asked Concur Technologies, Inc., an expense management company, to examine data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city. The following table shows the average daily hotel room rate () and the average amount spent on entertainment (9) for a random sample of 9 of the 25 most-visited U.S. cities. These data lead to the estimated regression equation For these data SSE 1541.4. Click on the datafile logo to reference the data. Use Table 1 of Appendix B. 917.49+1.0334z. DATA file Room Rate Entertainment (5) City ($) Doston 140 161 Denver 96 105 Nashville 91 101 New Orleans 110 142 Phoenix 90 100 San Diego 102 San Francisco 136 167 90 140. San Jose Tampa 82 98 a. Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals), 120 ($) (5) Boston 148 161 Denver 96 105 Nashville 91 101 ons Navigation Menu New Orleans 110 142 90 100 Phoenix San Diego 102 120 San Francisco 136 167 San Jose 90 140 Tampa 82 98 a. Predict the amount spent on entertainment for a particular city that has a daily room rate of $89 (to 2 decimals). $109.46 b. Develop a 95% confidence interval for the mean amount spent on entertainment for all cities that have a daily room rate of $89 (to 2 decimals). $ to $ c. The average room rete in Chicago is $128. Develop a 95% prediction interval for the amount spent on entertainment in Chicago (to 2 decimals). to $ Olen Key

Answer & Explanation Solved by verified expert

See Answer