Examlex
Which of the following is a reasonable estimate for the probability that Thanksgiving Day in the United States will be on a Thursday this year?
Point Estimate
A single value derived from sample data that serves as a best guess or best estimate of a population parameter.
Confidence Interval
A spectrum of values, extracted from statistics of a sample, presumed to hold the value of a not-yet-known population characteristic, assured with a particular degree of confidence.
Sample Size
The number of observations or data points that are included in a statistical sample.
Confidence Interval
A confidence interval is a range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.
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