The 90 % Prediction interval on the wall thickness of next bottle tested is (4.41, 4.99).
A prediction interval is a form of confidence interval (CI) used with regression analysis predictions; it is a range of values that forecasts the value of a new observation based on your existing model.
Confidence intervals and predictions are frequently used interchangeably. They are not exactly the same thing, though.
A confidence interval is a set of values connected to a population parameter. the population's mean, as an illustration.
Where you anticipate an upcoming number to fall is called a prediction interval.
The Interval Uncertainties
It doesn't imply that you can forecast with confidence where a single number will fall, just like with most things in statistics.
Confidence intervals are usually accompanied with a confidence level, which represents the amount of uncertainty.
How to solve?
X=4.7
s=0.7
n=25
The tabulated value of t at 24 degree of freedom is 2.06
t24=2.064
The 90 % Prediction interval on the wall thickness of next bottle tested is given by:
=(4.7±t24×0.7√25)
=(4.7−2.064×0.75,4.7+2.064×0.75)
=(4.7−0.28896,4.7+0.28896)
=(4.41,4.99)
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