The interval estimate of the mean value of y for a given value of x is
A)prediction interval estimate
B)confidence interval estimate
C)average regression
D)x versus y correlation interval

Question

Quizplus · Accepted Answer

The interval estimate of the mean value of y for a given value of x is a confidence interval estimate. It provides a range of values within which the true population mean value of y is expected to fall with a certain degree of confidence. This interval is calculated based on the sample data and assumes that the population follows a normal distribution. A prediction interval estimate, on the other hand, provides a range of values within which an individual observation of y is expected to fall for a given value of x. The average regression and x versus y correlation interval are not relevant to this concept.

The Interval Estimate of the Mean Value of Y for a Given