Question
Given are five observations collected in a regression study on two variables. x i 2 6 9 13 20 y i 9 18 8 25
Given are five observations collected in a regression study on two variables.
xi | 2 | 6 | 9 | 13 | 20 |
---|---|---|---|---|---|
yi | 9 | 18 | 8 | 25 | 21 |
Develop the 95% confidence and prediction intervals when
x = 8.(Round your answers to two decimal places.)
confidence interval=
prediction interval=
Explain why these two intervals are different.
The two intervals are different because there is less variability associated with predicting an individual value than there is with estimating a mean value.
The two intervals are different because you use a different critical value when developing a confidence interval than when developing a prediction interval.
The two intervals are different because confidence intervals are used to predict values of y for new observations corresponding to given values of x, and prediction intervals give an estimate of the mean value of y for a given value of x.
The two intervals are different because there is more variability associated with predicting an individual value than there is with estimating a mean value.
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