Asked by
mitra dahal
on Nov 04, 2024
Verified
What is the term for a range or interval of values that has a stated probability of containing an unknown population parameter?
A) point estimate
B) confidence interval
C) confidence limits
D) interval estimate
Confidence Interval
A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.
Population Parameter
A numerical value summarizing the whole population, commonly used in statistics, such as the mean or standard deviation.
- Distinguish among concepts pertaining to confidence intervals, including point estimate, confidence limits, and interval estimate.
Verified Answer
ME
Learning Objectives
- Distinguish among concepts pertaining to confidence intervals, including point estimate, confidence limits, and interval estimate.