Asked by Kristiana Rivera on Jun 19, 2024
Verified
A confidence interval is an interval estimate for which there is a specified degree of certainty that the actual value of the population parameter will fall within the interval.
Confidence Interval
A spectrum of values obtained from sample statistics, which is probable to encompass the value of an unidentified population parameter.
Population Parameter
A numerical characteristic or feature of an entire population, such as its mean or standard deviation.
- Elucidate the idea and significance of confidence intervals in the estimation of population parameters.
Verified Answer
SW
samantha winterJun 24, 2024
Final Answer :
True
Explanation :
This is the definition of a confidence interval.
Learning Objectives
- Elucidate the idea and significance of confidence intervals in the estimation of population parameters.