I the Smaller the Sample, the Smaller the Possible Error

question 34

Multiple Choice

i. The smaller the sample, the smaller the possible error as measured by the standard error of
Estimate.
ii. Approximately 68% of the values lie within two standard errors of the regression line.
iii. For a set of observations, there is no difference in the width of a confidence interval and the
Width of a predictor interval.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements

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Definitions:

Common Law Rule

A principle based on judicial decisions and customary practices rather than written laws.

Government Agency

An organization that is part of the government and conducts specific activities or services according to legal regulations.

Separation of Powers

A foundational principle of governance in which the state's powers are divided among distinct branches, typically the legislative, executive, and judiciary, to prevent abuse of power.

Federalism

A political system in which power is divided between a central (national) government and regional (state or provincial) governments.