Question: Compute a 95% tolerance interval on the diameter of the rods described in Exercise 8-27 that has 90% confidence. Compare the length of the prediction
Compute a 95% tolerance interval on the diameter of the rods described in Exercise 8-27 that has 90% confidence. Compare the length of the prediction interval with the length of the 95% CI on the population mean. Which interval is shorter? Discuss the difference in interpretation of these two intervals.
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