Problem

For each of the following, decide whether the proper inference is a prediction interval fo...

For each of the following, decide whether the proper inference is a prediction interval for y or a confidence interval for E ( y ):

a. A jeweler wants to predict the selling price of a diamond stone on the basis of its size (number of carats).


b. A psychologist wants to estimate the average IQ of all patients who have a certain income level.

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