Using the context of the previous exercise, explain the difference between the purpose of a 95% prediction
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Using the context of the previous exercise, explain the difference between the purpose of a 95% prediction interval (PI) for an observation and a 95% confidence interval (CI) for the mean of y at a given value of x. Why would you expect the PI to be wider than the CI?
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A 95 prediction interval is meant to predict where we can expect individual ...View the full answer
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Vivekraj S
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Related Book For 
Statistics The Art And Science Of Learning From Data
ISBN: 9780321997838
4th Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
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