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Caleb McQueen
on Oct 30, 2024

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The margin of error for a prediction interval is larger than the corresponding value for confidence intervals because ________.

A) the distribution of the random variable is a standard normal distribution
B) evaluating a true proportion requires a larger margin of error
C) the variability of the new observation around the mean is accounted for
D) this new value is from the same population

Prediction Interval

A range of values that is likely to contain the value of an unknown parameter for future observations.

Margin of Error

Margin of Error is a statistic expressing the amount of random sampling error in a survey's results, indicating the potential variability in the results.

Confidence Intervals

An interval of values, sourced from statistical analyses of a sample, that is conjectured to include the value of a mysterious population parameter.

  • Distinguish between prediction intervals and confidence intervals and comprehend their uses.
  • Assess and interpret the error margin in the context of statistical analysis.
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Ariyana LewisNov 03, 2024
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