a. Construct a 95% confidence interval estimate of the mean monthly rental for a

Question

a. Construct a 95% confidence interval estimate of the mean monthly rental for all one-bedroom apartments that are 787 square feet in size. 1268.14 sPnx-787s 1418.03 (Type integers or decimals. Round to two decimal places as needed. Use ascending order.) b. Construct a 95% prediction interval of the monthly rental for an individual one-bedroom apartment that is 787 square feet in size. 938.83 SYx 787 1747.35 (Type integers or decimals. Round to two decimal places as needed. Use ascending order.) c. Explain the differences in the results from (a) and (b). 0 A Since here is more vanation in estimating a mean value than in predicting an individual value, the confidence inter a s narrower han he prediction interval, holding everything else fixed. O B. Since there is more variation in predicting an individual value than in estimating a mean value, the prediction interval is narrower than the confidence interval, holding everything else fixed. O C. Since there is more variation in estimating a mean value than in predicting an individual value, the confidence interval is wider than the prediction interval, holding everything else fixed O D. Since there is more variation in predicting an individual value than in estimating a mean value, the prediction interval is wider than the confidence interval, holding everything else fixed.

Explanation / Answer

here if you are looking only for question C:

option D is correct. (as for more variation in predicting an indivual value ; interval should be wider)

(for a and b require data ; please revert)

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.