STATISTICAL TECHNIQUES AND TOOLS
CONCEPT OF POINT AND INTERVAL ESTIMATION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
To obtain an interval estimate, we use the point estimate +/-margin of error.
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -A margin of error tells you how many percentage points your results will differ from the real population value. For example, a 95% confidence interval with a 4 percent margin of error means that your statistic will be within 4 percentage points of the real population value 95% of the time.
There is 1 question to complete.