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Question: module 8 question 14 the following data are the monthly...

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Module 8 Question 14: The following data are the monthly salaries y and the grade point averages x for students who obtained a bachelor's degree in business administration. Please include work.

GPA Monthly Salary ($)
2.7 3,500
3.4 3,900
3.6 4,300
3.2 3,800
3.4 4,100
2.9 2,300

The estimated regression equation for these data is ŷ = -1,205.2 + 1,517.2x and MSE =304,957.

a. Develop a point estimate of the starting salary for a student with a GPA of 3.0 (to 1 decimal).

$ ___

b. Develop a 95% confidence interval for the mean starting salary for all students with a 3.0 GPA (to 2 decimals).

$ ( ___ , ___ )

c. Develop a 95% prediction interval for Ryan Dailey, a student with a GPA of 3.0 (to 2 decimals).

$ ( ___ , ___ )

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