Mathematics, 18.03.2021 01:10 larissa1013
TThe Education Trust publishes data on U. S. colleges and universities. Six-year graduation rates and student-related expenditures per full-time student for 2007 were reported for the seven primarily undergraduate public universities in California with enrollments between 10,000 and 20,000. Suppose that a 90% confidence interval for the prediction of student expenditures at a university with a graduation rate of 40% was (5,304, 8,686).
Required:
a. Determine the point estimate for the prediction of student expenditures at a university with a graduation rate of 40%.
b. Calculate the margin of error.
c. Calculate the standard error of the prediction of student expenditures at a university with a graduation rate of 40%.
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