In a multiple regression based on 30 observations,the following information is provided: 
with se = 16.Also,when 
,and 
.
A)Construct a 90% confidence interval for E(y)if 
,and 
.
B)Construct a 90% prediction interval for y if 
,and 
.
C)Which interval is narrower? Explain.
Definitions:
Textiles
Materials made from fibers, filaments, threads, or yarns, suitable for use in the production of fabrics and other goods.
Price Of Labor
Refers to the wage rate, or the amount of compensation workers receive in exchange for their labor.
Sri Lanka
An island country in South Asia, located in the Indian Ocean southwest of the Bay of Bengal and southeast of the Arabian Sea.
Capital Abundant
A description of an economy or sector that has a large amount of capital (such as machinery, tools, and buildings) available compared to labor.
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