Asked by
Kemberley Innocent
on Nov 26, 2024Verified
The concept of margin of error applies directly when estimating the population mean
, but is not applicable when estimating the population proportion p.
Margin of Error
An expression of the amount of random sampling error in survey results.
Population Mean
The population mean is the average value of all the items in a population.
Population Proportion
The ratio of members in a group to the total population who have a particular characteristic.
- Understand the differences between point and interval estimates.
Verified Answer
JH
Learning Objectives
- Understand the differences between point and interval estimates.