Question: (i) For what values of will the point prediction be in the 95% prediction interval? Does this condition seem likely to hold in most applications?
(i) For what values of will the point prediction be in the 95% prediction interval? Does this condition seem likely to hold in most applications?
(ii) Verify that the condition from part (i) is satisfied in the CEO salary example.
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i Because and the point prediction is always above the lower ... View full answer
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