An Interval Used to Predict a Future Value Is Called

question 7

Multiple Choice

An interval used to predict a future value is called a ______.

• A)prediction interval
• B)confidence interval
• C)standard error
• D)population interval

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Definitions:

Null Hypothesis

A default statement that indicates no effect or no difference, used as a starting point for statistical hypothesis testing.

Directional Hypothesis

A hypothesis that outlines the anticipated direction of the difference or relationship.

Critical Value

A threshold in a statistical test that defines the boundary for deciding whether an observed statistic is extreme enough to reject the null hypothesis.

Alpha

A threshold value used in hypothesis testing to determine the significance level at which the null hypothesis is rejected in favor of the alternative hypothesis.