STATISTICAL TECHNIQUES AND TOOLS
CONFIDENCE INTERVALS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an example of an interval estimate?
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point estimate
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critical value
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confidence interval
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statistic
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Explanation:
Detailed explanation-1: -For both continuous and dichotomous variables, the confidence interval estimate (CI) is a range of likely values for the population parameter based on: the point estimate, e.g., the sample mean. the investigator’s desired level of confidence (most commonly 95%, but any level between 0-100% can be selected)
Detailed explanation-2: -A point estimate is a single number. Whereas, a confidence interval, naturally, is an interval. The two are closely related. In fact, the point estimate is located exactly in the middle of the confidence interval.
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