What statement about prediction intervals and confidence intervals is true. If none of the statements is true, select (d).
A)Prediction intervals are always smaller than confidence intervals because confidence intervals are predicting the mean of the population and prediction intervals are predicting the value of only one
Item in the population.
B)Prediction intervals are always smaller than confidence intervals because prediction intervals are predicting the mean of all the items in the population and confidence intervals are predicting the
Value of only one item in the population.
C)Sometimes prediction intervals are smaller than confidence intervals and sometimes prediction intervals are larger than confidence intervals.
D)None of the statements is true.

Question

Quizplus · Accepted Answer

None of the provided statements accurately describe the relationship between prediction intervals and confidence intervals. Prediction intervals are typically wider than confidence intervals because they account for the variability of individual observations around the population mean, not just the uncertainty of estimating the population mean itself.

What Statement About Prediction Intervals and Confidence Intervals Is True