How Does an Interval Estimator Differ from a Point Estimator

question 22

Multiple Choice

How does an interval estimator differ from a point estimator?

• A)A point estimator may produce very biased results,while an interval estimator never has such a feature.
• B)If a point estimator fails to produce an unbiased result,then an interval estimator secures such a result.
• C)An interval estimator provides a range of values that always include the estimated population parameter.
• D)An interval estimator provides a range of values for the estimated population parameter rather than a single value provided by a point estimator.

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Definitions:

APC

Average Propensity to Consume, which is a measure of the percentage of income that is spent on goods and services rather than being saved.

Income

Funds regularly amassed from labor or capital invested.

APS

The abbreviation for "Aggregate Planning Strategy," a process in operations management to balance production and demand over a medium-term horizon; or it could refer to "Automatic Payment System," depending on context.

Income

The financial gain earned by an individual or business, typically measured on an annual basis, coming from work, investments, or other sources.