What is the difference between a point estimate and an interval estimate of a parameter? Which is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
A point estimate of a parameter specifies a specific value such as 8...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
News coverage during a recent election projected that a certain candidate would receive 54.8% of all votes cast; the projection had a margin of error of {3% a. Give a point estimate for the...
-
Explain the difference between a point estimate of a parameter and a confidence-interval estimate of a parameter.
-
Explain the difference between a point estimate and an interval estimate.
-
Three employees of the Horizon Distributing Company will receive annual pension payments from the company when they retire. The employees will receive their annual payments for as long as they live....
-
Why is it important to assess training climate as part of the needs assessment?
-
Describe the typical salesperson as illustrated in movies, books, and television shows. Why does that image exist as the stereotypical salesperson (be specific)? What role does ethics play in...
-
Diet Cola and Weight Gain in Humans A study found that American senior citizens who report drinking diet soda regularly experience a greater increase in weight and waist circumference than those who...
-
The local residents of Greene County, a small, rural, mostly minority community, have recently learned that a major oil company is putting a refinery in the county. The residents ask for an...
-
Riding a bike at 2 m/s you hear a car coming up behind you traveling in the same direction as you. The car sounds its horn. The horn emits sound at a frequency of 600Jz. You hear the horn at a...
-
Reconsider the Super Grain Corp. case study as presented in Section 3.1. The advertising firm, Giacomi & Jackowitz, now has suggested a fourth promising advertising medium-radio commercials-to...
-
A random sample of enrollments in Pennsylvanias private four-year colleges is listed here. Check for normality. 757 141 0 279 306 488 794 131 683 818 818 113 0757 6 48 1213
-
The numbers of faculty at 32 randomly selected state-controlled colleges and universities with enrollment under 12,000 students are shown below. Use these data to estimate the mean number of faculty...
-
Suppose that CONTROL, a secret U.S. government counterintelligence agency based in Washington, D.C., has build a communication network that links n stations spread across the world using m...
-
If you were assigned to prepare a capital expenditure budget request, what two people would you most want to have on your team? Why? How would you expect to use them?
-
Compute the reactions and draw the shear and moment curves for the beam in Figure P10.14. Given: \(E=\) \(200 \mathrm{GPa}\) and \(I=120 \times 10^{6} \mathrm{~mm}^{4}\). A B, w = 40 kN/m C D E...
-
Do you recall whether any of the four cash flow reporting methods were used? If so, which one? Do you now think that was the best choice for the particular proposal?
-
Where do sole proprietorships generally get debt funds from?
-
Have you ever had to compute depreciation expense? If so, please describe the circumstances.
-
The clearness index was determined for the skies over Baghdad for each of the 365 days during a particular year (Contribution to the Study of the Solar Radiation Climate of the Baghdad Environment,...
-
A business had revenues of $280,000 and operating expenses of $315,000. Did the business (a) Incur a net loss (b) Realize net income?
-
Suppose that the mathematics SAT scores for high school seniors for a specific year have a mean of 456 and a standard deviation of 100 and are approximately normally distributed. If a subgroup of...
-
Find the probabilities for each, using the standard normal distribution. P(z < 1.51)
-
The mean temperature for a July in Pittsburgh is 73. Assuming a normal distribution, what would the standard deviation have to be if 5% of the days have a temperature of at least 85?
-
Use the extension of set-builder notation concepts and the roster method to write the given set. D= {2x-91xE N and x < 5}
-
Statement of financial position/Balance sheet structure Level of difficulty: Moderate Chugoku Electric Power Company, Inc., was established in 1951 as one of ten electric power companies in Japan. It...
-
60.Blackstone Company uses a process costing system and has 14,000 units remaining in the work-in-process inventory. These units are 75% and 40% complete with regard to materials and conversions...
Study smarter with the SolutionInn App