Estimations and Predictions

Estimations and Predictions Read the Learning Activity titled “Estimation and Prediction.” In your own words, explain why the confidence intervals found in Examples 1 and 2 are not describing the same thing. What condition in the problem determines whether you are finding an estimate or making a prediction? If you were presented a scatterplot graph of the same data set with the regression equation included, where would you locate the exact answer to the average value of a four-year old car? [ 117 more words ]

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