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True or False. JUSTIFY YOUR ANSWER. The 95% Confidence Interval is constructed using exclusively the estimated...

True or False. JUSTIFY YOUR ANSWER.

The 95% Confidence Interval is constructed using exclusively the estimated parameter estimates of the Linear Regression Model.

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Answer #1

True.The 95% confidence iinterval is constructed using exclusively the estimated parameter estimates of the linear regression model.

Note:

An interval constructed, based on the observed data(estimated parameter), with a procedure such that if you repeat the sample process by which the observed data was obtained and the construction of the confidence interval with the estimated patameter, the fraction of confidence intervals containing the population parameter would be 95%.

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