Construct Confidence Intervals for a Mean Response
-How does a confidence interval differ from a prediction interval?
A) Confidence intervals are used to measure the accuracy of the mean response of all the individuals in the population, while a prediction interval is used to measure the accuracy of a single individual's predicted value.
B) Confidence intervals are used to measure the accuracy of a single individual's predicted value, while a prediction interval is used to measure the accuracy of the mean response of all the individuals in the population.
C) Confidence intervals are constructed about the predicted values of $y$ while prediction intervals a constructed about a particular value of $x$
D) Confidence intervals are constructed about the predicted values of $x$ while prediction intervals a constructed about a particular value of $y$

Question

Quizplus · Accepted Answer

Confidence intervals are used to estimate the range within which the true population mean is expected to lie, with a certain level of confidence. Prediction intervals, on the other hand, provide a range within which we expect the value of a single new observation to fall, given a specific value of the predictor variables.

Construct Confidence Intervals for a Mean Response -How Does a Confidence

Construct Confidence Intervals for a Mean Response
-How Does a Confidence