Introductory Statistics 9th Edition

Published by Wiley
ISBN 10: 1-11905-571-7
ISBN 13: 978-1-11905-571-6

Chapter 8 - Section 8.1 - Estimation, Point Estimate, and Interval Estimate - Exercises - Page 315: 8.2

Answer

A point estimate is the value of a sample statistic that is used to estimate a population parameter. An interval estimation is an interval constructed around the point estimate, and it is stated that this interval contains the corresponding population parameter with a certain confidence level.

Work Step by Step

A point estimate is the value of a sample statistic that is used to estimate a population parameter. An interval estimation is an interval constructed around the point estimate, and it is stated that this interval contains the corresponding population parameter with a certain confidence level.
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