This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Differentiate between a confidence interval and a prediction ... (Read 45 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
on: Jun 24, 2018
Differentiate between a confidence interval and a prediction interval.

Question 2

Predict with 95 confidence the average monthly sales of all salespersons with 10 years of experience. 95 CI10 yrs + = ________________ Enter as (n1,n2) with no  or , in the number.
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

A confidence interval provides a range of possible values for the mean value of y given a specific value of x. The point estimate for the mean will fall on the regression line. A prediction interval provides a range of possible values for an individual observation of y given a value of x.

Answer to Question 2

-1,829,020,604


tichca

  • Member
  • Posts: 554
Reply 2 on: Jun 24, 2018
Gracias!

  • Member
  • Posts:
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

School-age children are often independent and industrious, with a developing sense of self-confidenc School-age children are often independent and industrious, with a developing sense of self-confidenc
How to use the closed interval method to find absolute maximum and minimum values How to use the closed interval method to find absolute maximum and minimum values
Given the values of sin θ, determine the values of θ over the interval [0, 2pi] Given the values of sin θ, determine the values of θ over the interval [0, 2pi]
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Differentiate each function with respect to x. (Power rule) Differentiate each function with respect to x. (Power rule)
Video: Alternative Energy Sources

For a complete list of videos, visit our video library