subject
Mathematics, 24.06.2020 22:01 isbella29

The accompanying dataset includes the annual prices of 50 commercial leases. All of these leases provide office space in a certain city. For the response, use the cost of the lease per square foot. As the explanatory variable, use the reciprocal of the number of square feet. Complete parts (a) through (d) below. Note: Show all work and use the program JMP ProCost_per_Sq_Foot 1/Sq_Feet17.26237 0.000052531116.46687 0.000055248418.49833 0.000006524416.86017 0.000018763815.69037 0.000044051114.63619 0.000019341815.45475 0.000019963618.37645 0.000016123115.97917 0.000413549217.39517 0.000299705818.72945 0.000093348115.72314 0.000008037514.80324 0.000032339615.89653 0.000218043615.33631 0.000160171218.25731 0.000495454217.18413 0.000188129315.74024 0.000009761618.38619 0.000126834815.30034 0.000031171615.13409 0.000019127318.03957 0.000042338217.15031 0.000059999317.90948 0.000065223317.98524 0.000153613616.32959 0.000147988216.77113 0.000044144615.41842 0.000053107815.64943 0.000007244316.99506 0.000016797515.38618 0.000013981518.09029 0.000081009216.95575 0.000015852616.85609 0.000072607717.91937 0.000128214918.62903 0.000101965918.31668 0.000061113417.78195 0.000042997318.81099 0.000056279915.78949 0.000007858616.21425 0.000037702322.20139 0.000487191617.21917 0.000006658217.20601 0.000138227616.09833 0.000155749715.61161 0.000019239318.23345 0.000269376315.74088 0.000207854217.30745 0.000019136918.36213 0.0001352095(a) Give a 95% confidence interval for the fixed cost (the portion of the cost that does not change with the size of thelease) of these leases, along with a brief interpretation. The fixed cost is from $ __ to $ __ (Round to the nearest dollar as needed)(b) Give a 95% confidence interval for the variable cost (the cost determined by the number of square feet) of these leases, along with a brief interpretation. The variable cost is from $ __ to __ (Round to the nearest cent as needed)(c) How much might a company pay, per square foot, for a specific lease with 16,000 square feet in this metropolitan area? Give a range to show to management. Use a 95% prediction interval. On average, the company would expect to pay from $ __ to $ __ per square foot (Round to the nearest cent as needed)(d) How much in total might the company pay for a 16,000 square foot lease? Give a range to show to management. Use a 95% prediction interval. On average, the company would expect to pay from $ __ to $ __ (Round to the nearest dollar as needed)

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
What is the order of these fractions from least to greatest 2/3 7/10 5/8 65/100
Answers: 1
question
Mathematics, 21.06.2019 22:30
Pls never taught i’m really confused and i rlly need
Answers: 1
question
Mathematics, 21.06.2019 23:20
Which shows a reasonable estimation for 124% of 42 using the distributive property?
Answers: 1
question
Mathematics, 22.06.2019 02:30
Drag the tiles to the boxes to form correct pairs. not all tiles will be used. match the circle equations in general form with their corresponding equations
Answers: 3
You know the right answer?
The accompanying dataset includes the annual prices of 50 commercial leases. All of these leases pro...
Questions
question
Mathematics, 09.02.2021 06:30
question
Mathematics, 09.02.2021 06:30
question
French, 09.02.2021 06:30
question
Mathematics, 09.02.2021 06:30
question
Mathematics, 09.02.2021 06:30
question
Physics, 09.02.2021 06:30
question
Mathematics, 09.02.2021 06:30
Questions on the website: 13722365