The point where confidence intervals and prediction intervals do best is $( \bar { x } , \bar { y } )$ .

Name: The point where confidence intervals and prediction intervals do best is $( \bar { x } , \bar { y } )$ .
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

Quizplus · Accepted Answer

Confidence intervals estimate the true mean of a population, while prediction intervals estimate the value of a new observation. The point where these two intervals intersect is the point where they are both most accurate.

The Point Where Confidence Intervals and Prediction Intervals Do Best (xˉ,yˉ)( \bar { x } , \bar { y } )(xˉ,yˉ​)

The Point Where Confidence Intervals and Prediction Intervals Do Best $( \bar { x } , \bar { y } )$