Asked by Muhammad Ammar on Sep 29, 2024
A specific confidence interval obtained from data will always correctly estimate the population parameter.
Confidence Interval
A range of values that is used to estimate the true value of a population parameter with a certain level of confidence.
Population Parameter
A population parameter is a numerical value that summarizes or describes a characteristic of the entire population, such as mean, variance, or standard deviation.
- Distinguish between point and interval estimates.
Learning Objectives
- Distinguish between point and interval estimates.