Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the definitions of prediction interval and confidence interval, what happens to these intervals as the sample size increases? Answer may more than one.

Based on the definitions of prediction interval and confidence interval, what happens to these intervals as the sample size increases? Answer may more than one.

a. Confidence intervals remain roughly the same width, because the confidence level remains the same. b. Confidence intervals get narrower as we zero in on the true parameter. c. Confidence intervals expand as we gain more and more confidence with larger sample sizes. d. Prediction intervals remain roughly the same width -- after all, we're just getting better and better at estimating the true quantiles making up the boundaries of the prediction interval. e. Prediction intervals get narrower as we zero in on the true future value. f. Prediction intervals expand as we gain more and more confidence with larger sample sizes.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Probability

Authors: Mark Daniel Ward, Ellen Gundlach

1st edition

716771098, 978-1319060893, 1319060897, 978-0716771098

More Books

Students also viewed these Mathematics questions

Question

Explain the process of changing from base ten to base sixteen.

Answered: 1 week ago

Question

please try to give correct answer 3 6 3 .

Answered: 1 week ago