For the Same Value of X (Independent Variable), the Confidence

question 143

Multiple Choice

For the same value of X (independent variable) , the confidence interval for the average value of Y (dependent variable) is ________ the prediction interval for the individual value of Y.

• A) larger than
• B) smaller than
• C) the same as
• D) sometimes larger than, sometimes smaller than

---

Definitions:

Economy

An organized system of production, distribution, and consumption of goods and services within a particular geographical region.

Division of Labour

The allocation of different parts of a manufacturing process or task to different individuals or groups, often to increase efficiency and productivity.

Labour Market Segmentation

Is the division of the market for labour into distinct settings. In these settings, work is found in different ways and workers have different characteristics. There is only a slim chance of moving from one setting to another.

Good Job

A term often used to express approval or satisfaction with someone's performance or effort.