A Point Estimate Is Typically Reported with an Interval Estimate

question 24

Multiple Choice

A point estimate is typically reported with an interval estimate.Why?

• A)Using only a point estimate is associated with low certainty.
• B)The interval estimate gives researchers a higher level of confidence.
• C)The interval estimate adds certainty to the estimate of the population mean.
• D)all of the above

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Definitions:

Control

The power or authority to manage, direct, or influence something or someone.

Possession

The condition or reality of being the owner or holder of an item, in either a physical or legal capacity.

Collateral

An asset that a borrower offers a lender to secure a loan. If the borrower fails to repay the loan, the lender may seize the collateral.

Oral Agreement

A verbal contract in which the terms have been agreed upon through spoken communication, as opposed to written, but is still legally binding in some cases.