An Advantage to Using Interval Estimates Instead of Point Estimates

question 33

Multiple Choice

An advantage to using interval estimates instead of point estimates is ______.

• A) interval estimates provide more information than point estimates
• B) interval estimates are easier to calculate than point estimates
• C) interval estimates are easier to interpret that point estimates
• D) all of these

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Definitions:

Data Gathering

The process of collecting information from various sources for specific purposes, such as research or analysis.

Kurt Lewin

A psychologist known for his field theory in social science, which suggests that human behavior is the result of the interactions between an individual and their environment.

Change Model

A framework or guide designed to manage and lead change within an organization, project, or system.

Equilibrium State

A condition in which all acting influences are balanced, leading to a stable and unchanging system in physical, chemical, or social contexts.