Which of the Following Is an Advantage of Confidence Interval

question 55

Multiple Choice

Which of the following is an advantage of 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 being used to estimate the population parameter is a random variable.

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Definitions:

Confirmation Bias

The bias towards identifying, comprehending, choosing, and retaining information that corroborates one’s prior convictions or suppositions.

Social Input

The information or feedback received from others in a social context that can influence one's thoughts, feelings, and behaviors.

Prejudice

Preconceived opinion or bias against someone or something not based on reason or actual experience, often manifesting as discrimination or unjust behavior towards different social groups.

Scientific Method

A systematic procedure of observation, measurement, experiment, and the formulation, testing, and modification of hypotheses.