If we were interested in predicting the tourism revenue for a particular country that had 30 million foreign visitors
A) We should construct a confidence interval using this equation.
B) We should construct a predication interval using this equation.
C) We should not use this equation because it is not significant.
D) We should use the correlation.
E) We should use the standard error.

Question

Quizplus · Accepted Answer

To predict the tourism revenue, we need to use a prediction interval that takes into account the variability in the data and the uncertainty in the prediction. A confidence interval only gives us the range of possible values for the mean. Using the correlation or standard error alone is not enough to make a prediction about a specific value.

If We Were Interested in Predicting the Tourism Revenue for a Particular