When Using Simple Linear Regression, We Would Like to Use

question 140

Multiple Choice

When using simple linear regression, we would like to use confidence intervals for the ________ and prediction intervals for the ________ at a given value of x.

• A) Individual y-value; mean y-value
• B) mean y-value; individual y-value
• C) slope; mean slope
• D) y-intercept; mean y-intercept

---

Definitions:

Wages

Compensation given to employees for their work, often determined by the hour, day, or by the amount of work completed.

Labor Force

The labor force comprises all the working-age population that is either employed or actively seeking employment.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Households

Units consisting of one or more people who live in the same dwelling and share meals or living accommodation; considered basic units of consumer behavior.