In constructing a prediction interval, the primary focus is on one dependent variable. A prediction interval is a range around a predicted value that accounts for the variability of the dependent variable based on a given set of independent variables. It provides an estimate of where future observations of that dependent variable are likely to fall.
When building a prediction interval, the model estimates the expected outcome of the dependent variable given the values of the independent variables. The interval reflects the uncertainty and variation associated with predicting that outcome. Other options do not capture the specific focus on a single dependent variable in the context of prediction intervals. The average outcome, while related to the concept, refers more to a measure of central tendency rather than a specific prediction for individual observations. Similarly, considering all independent variables or the total population does not pertain directly to the specific dependent variable being predicted.