Answer :
The statement 'the confidence interval for the mean of y is always narrower than the prediction interval for an individual response y given the same data set, x value, and confidence level.' is True.
In this question, we have been given a statement 'The confidence interval for the mean of y is always narrower than the prediction interval for an individual response y given the same data set, x value, and confidence level. '
We need to state whether the given statement is true or false.
We know that the confidence interval = sample mean ± margin of error
The confidence interval for the mean of y is narrower when the x value is close to the mean of all of the x values.
Therefore, the confidence interval for the mean of y is always narrower than the prediction interval for an individual response y given the same data set, x value, and confidence level is True.
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