Which of these intervals based on the same estimated regression equation with fixed values of the explanatory

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Which of these intervals based on the same estimated regression equation with fixed values of the explanatory variables would be wider: (1) a 95% prediction interval for an individual value of Y or (2) a 95% confidence interval for the mean value of Y? Explain your answer. How do you interpret the wider of these two intervals in words?
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Business Analytics Data Analysis And Decision Making

ISBN: 1209

6th Edition

Authors: S. Christian Albright, Wayne L. Winston

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