There is more uncertainty in predicting a single value of y than with estimating a mean value of α + βx*.

Name: There is more uncertainty in predicting a single value of y than with estimating a mean value of α + βx*.
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Quizplus · Accepted Answer

Estimating a mean value involves averaging out the variability in the data, which reduces uncertainty. Predicting a single value, on the other hand, is more susceptible to random fluctuations and measurement error, resulting in greater uncertainty.

There Is More Uncertainty in Predicting a Single Value of Y