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Re-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…
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Re-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…
Read more
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