Which of the Following Statements Is True

question 39

Multiple Choice

Which of the following statements is true?

• A) The interval estimate for predicting a particular value of y given a specific x will be narrower than the interval estimate for the average value of y given a particular x.
• B) The higher the r-square value, the wider will be the prediction interval based on a simple linear regression model.
• C) The prediction interval generated from a simple linear regression model will be narrowest when the value of x used to generate the predicted y value is close to the mean value of x.
• D) The prediction interval generated from a simple linear regression model will be widest when the value of x used to generate the predicted y value is close to the mean value of x.

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Definitions:

Exports

Goods or services sold by one country to other countries on the international market.

Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

Drawbacks

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Hamburger Standard

A method for comparing the purchasing power between different currencies by measuring the cost of a McDonald's Big Mac in various countries.