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.