THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978-1985.Some economists state that these two variables are positively related.

-What happens to the width of a prediction interval for y as the x value on which the interval estimate is based gets farther away from the mean of x? Why?

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978-1985.Some economists state that these two variables are positively related.

-What happens to the width of a prediction interval for y as the x value on which the interval estimate is based gets farther away from the mean of x? Why?

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978-1985.Some economists state that these two variables are positively related.

-What happens to the width of a prediction interval for y as the x value on which the interval estimate is based gets farther away from the mean of x? Why?