What is the main distinction between a confidence interval and a prediction interval?
A) A confidence interval estimates the mean value of y at a particular value of x, while a prediction interval estimates the range of y values at a particular value of x.
B) A prediction interval estimates the mean value of y at a particular value of x, while a confidence interval estimates the range of y values at a particular value of x.
C) A confidence interval and a prediction interval are the same thing; they both estimate the mean value of y at a particular value of x.
D) A confidence interval and a prediction interval are the same thing; they both estimate the range of y values at a particular value of x.

Question

Quizplus · Accepted Answer

A confidence interval is used to estimate the range within which the mean value of y is expected to fall for a given x, while a prediction interval provides a range within which individual y values are expected to fall for that x.

What Is the Main Distinction Between a Confidence Interval and a Prediction