This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is an interval estimate?[br][br][b][color=#A83E49]Question 2[/color][/b][br][br]Briefly, what ... (Read 74 times)

jCorn1234

  • Hero Member
  • *****
  • Posts: 545
on: Jun 24, 2018
What is an interval estimate?

Question 2

Briefly, what is the difference between a point estimate and an interval estimate for a population parameter?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brbarasa

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 24, 2018
Answer to Question 1

An interval estimate is a range of values within which the actual value of the population parameter, such as  or , may fall.

Answer to Question 2

While the point estimate is a single number (e.g., x or p) that estimates the exact value of a population parameter of interest (e.g.,  or ) an interval estimate includes a range of possible values that are likely to include the actual (but unknown) population parameter.


jCorn1234

  • Member
  • Posts: 545
Reply 2 on: Jun 24, 2018
Excellent

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Population genetics sample question Population genetics sample question
How to combine and sketch transformations of a sinusoidal function (Question 2) (y=a*sin⁡b(x−c)+d) How to combine and sketch transformations of a sinusoidal function (Question 2) (y=a*sin⁡b(x−c)+d)
How to solve application problems containing quadratics (Question 3) How to solve application problems containing quadratics (Question 3)
Question Question
economic question economic question
economic question economic question
Video: Complement Proteins Animation

For a complete list of videos, visit our video library