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 55 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
Great answer, keep it coming :)

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Over confidence Over confidence
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
Schematic of de novo structure prediction using Rosetta Schematic of de novo structure prediction using Rosetta
Earthquake Prediction Earthquake Prediction
Earthquake Prediction Earthquake Prediction
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Proteins

For a complete list of videos, visit our video library