Which of the Following Is an Advantage of a Confidence

question 83

Multiple Choice

Which of the following is an advantage of a confidence interval estimate over a point estimate for a population parameter?

• A) Interval estimates are more precise than point estimates.
• B) Interval estimates are less accurate than point estimates.
• C) Interval estimates are both more accurate and more precise than point estimates.
• D) Interval estimates take into account the fact that the statistic that is used to estimate the population parameter is a random variable.

---

Definitions:

Execution of the Deed

The act of formally completing a deed document through signing, sealing, and delivery, making it legally binding and enforceable.

Real Property

Land and anything permanently affixed to it, such as buildings and trees.

Transfer Initiated

The beginning process of moving or conveying rights, assets, or information from one party to another.

The Closing

The final step in executing a real estate transaction where the sale is completed, documents are signed, and ownership is transferred.