The Tolerance Interval of 95

question 49

Multiple Choice

The tolerance interval of 95.44 percent is ________ a 95.44 percent confidence interval.

• A)The same width as
• B)Narrower than
• C)Wider than

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Definitions:

Population Regression Parameters

Population regression parameters are coefficients in a regression equation that describe the relationship between dependent and independent variables across an entire population.

Regression Analysis

A statistical method for examining the relationship between a dependent variable and one or more independent variables.

Least Squares Line

The least squares line refers to the line of best fit in linear regression, minimizing the sum of the squared differences between observed and predicted values.

Predicted Amount

The estimated value of a variable or outcome according to a model or predictor variable(s).