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Retail Price Data for N = 60 Hard Disk Drives y=\mathrm { y } =

Question 22

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Retail price data for n = 60 hard disk drives were recently reported in a computer magazine. Three variables were recorded for each hard disk drive: y=\mathrm { y } = Retail PRICE (measured in dollars)
x1=\mathrm { x } _ { 1 } = Microprocessor SPEED (measured in megahertz)
(Values in sample range from 10 to 40 )
x2=x _ { 2 } = CHIP size (measured in computer processing units)
(Values in sample range from 286 to 486 )
A first-order regression model was fit to the data. Part of the printout follows:

 Dep Var Predict Std Err Lower 95% Upper 95% OBS SPEED CHIP PRICE Value Predict Predict Predict Residual1333865099.04464.9260.7683942.74987.1634.1\begin{array}{lllllllll}\hline &&&\text { Dep Var }&\text {Predict }&\text {Std Err}&\text { Lower 95\%}&\text { Upper 95\% }\\ \text {OBS }&\text {SPEED }&\text {CHIP }&\text {PRICE}&\text { Value }&\text {Predict }&\text {Predict}&\text { Predict }&\text {Residual}\\1 & 33 & 386 & 5099.0 & 4464.9 & 260.768 & 3942.7 & 4987.1 & 634.1\\\hline \end{array}


Interpret the 95%95 \% prediction interval for yy when x1=33x _ { 1 } = 33 and x2=386x _ { 2 } = 386 . 2 Find and Interpret Confidence Interval

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