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Author Question: If the mean value of a distribution is 85 and the median is 67, the distribution must be skewed to ... (Read 122 times)

bcretired

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on: Jul 24, 2018
If the mean value of a distribution is 85 and the median is 67, the distribution must be skewed to the right.
  Indicate whether the statement is true or false

Question 2

Explain the difference between an interval estimate and confidence interval.


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bblaney

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Reply #1 on: Jul 24, 2018
Answer to Question 1

T

Answer to Question 2

An interval estimate is an interval bounded by two values and used to estimate the value of a population parameter. The values that bound the interval are statistics calculated from the sample that is being used as the basis for the estimation. A confidence interval is an interval estimate with a specified level of confidence.


bcretired

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Reply #2 on: Jul 24, 2018
Thank you!


bblaney

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Reply #3 on: Jul 24, 2018
Always glad to help...


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