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Author Question: A data set in which the mean and median are equal is said to be bimodal data. Indicate whether the ... (Read 59 times)

nelaaney

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on: Jul 24, 2018
A data set in which the mean and median are equal is said to be bimodal data.
  Indicate whether the statement is true or false

Question 2

Explain the difference between a point estimate and an interval estimate.


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HandsomeMarc

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

F

Answer to Question 2

A point estimate for a parameter is a single number designed to estimate a quantitative parameter of a population, usually the value of the corresponding sample statistic. 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.


nelaaney

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Reply 2 on: Jul 24, 2018
Thanks for the timely response, appreciate it

LegendaryAnswers

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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