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Unformatted text preview: (o) Part ( n ) provides a predicted value for an individual response of Y (predict the sales of homes for a particular year given the mortgage rate) and Part ( m ) provides an estimate for an average value of Y (estimate the mean number of homes sold given the mortgage rate). Therefore, the width of the interval estimate in Part ( n ) is wider than that in Part ( m ). 1...
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This note was uploaded on 01/06/2011 for the course BBA ISOM111 taught by Professor Hu during the Fall '08 term at HKUST.
- Fall '08