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I Trying to Predict Weekly Sales with a Standard Error

question 75

Multiple Choice

i. Trying to predict weekly sales with a standard error of estimate of $1,955, we would conclude that
68 percent of the predictions would not be off more than $1,955, 95 percent would not be off by
More $3,910, and 99.7 percent would not be off by more than $5,865.
ii. Approximately 68% of the values lie within one standard error 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.

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