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Simple linear regression is used to predict the amount of money won on a television game show based on years of education. The predicted winnings

Simple linear regression is used to predict the amount of money won on a television game show based on years of education. The predicted winnings of a contestant with 15 years of education is $4,000. The corresponding 95% confidence interval is ($3,300; $4,700) and the 95% prediction interval is ($2,400; $5,600). Which one of the following is true?

  1. We are 95% confident that a particular contestant who has 15 years of education wins between $3,300 and $4,700.
  2. 95% of contestants with 15 years of education win between $2,400 and $5,600.
  3. 95% of contestants with 15 years of education on average win between $3,300 and $4,700.
  4. We are 95% confident that a particular contestant who has 15 years of education wins between $2,400 and $5,600.
  5. 95% of contestants with 15 years of education win between $3,300 and $4,700.

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