Asked by
Julia Torrisi
on Nov 18, 2024Verified
The ability of an interval estimate to contain the value of the population parameter is described by the
A) confidence level.
B) degrees of freedom.
C) precise value of the population mean μ.
D) point estimate.
Confidence Level
The percentage or proportion of times that an estimated interval is expected to contain the true value of the parameter.
Interval Estimate
An estimate of a population parameter that specifies a range within which the parameter is estimated to lie.
Population Parameter
Any numerical quantity that characterizes a given population or some aspect of it.
- Describe and grasp the framework of interval estimates, inclusive of confidence intervals and margin of error.
Verified Answer
JL
Learning Objectives
- Describe and grasp the framework of interval estimates, inclusive of confidence intervals and margin of error.
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