For a Given Data Set,specific Value of X,and a Confidence

question 139

Multiple Choice

For a given data set,specific value of X,and a confidence level,if all the other factors are constant,the confidence interval for the mean value of Y will _______ be wider than the corresponding prediction interval for the individual value of Y.

• A)Always
• B)Sometimes
• C)Never

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Definitions:

Leadership

The capacity to influence, guide, or direct a group towards achieving defined objectives.

Bureaucracy

A system of administration characterized by a hierarchical structure, specialization of functions, and a set of rules and procedures.

Business Entrepreneur

An individual who identifies a business opportunity and takes financial risk to establish and manage a new enterprise.

The State

Consists of the institutions responsible for formulating and carrying out a country’s laws and public policies.