Question

When using simple linear regression, we would like to use confidence intervals for the ________ and prediction intervals for the ________ at a given value of x.

Answer 1

When using simple linear regression, we would like to use confidence intervals for the mean y-value and prediction intervals for the individual y-value at a given value of x.

What is a regression line?

A regression line is a statistical line that best describes the behavior of a data set. This ultimately implies that, a regression line is a line which best fits a set of data.

What is a confidence interval?

A confidence interval can be defined as a range of estimated values that defines the probability that a population parameter would fall or lie within it.

In this context, we can infer and logically deduce that statisticians, mathematicians and researchers alike would use confidence intervals for the mean y-value and prediction intervals for the individual y-value at a given value of x, especially when using simple linear regression.

Read more on linear regression here: brainly.com/question/16793283

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