Explain the difference between a point estimate for the mean and a confidence interval for the mean.

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Explain the difference between a point estimate for the mean and a confidence interval for the mean. Which provides more information?

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Business Analytics Data Analysis and Decision Making

ISBN: 978-1305947542

6th edition

Authors: S. Christian Albright, Wayne L. Winston

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Question Posted: Apr 06, 2017 11:33 AM

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Explain the difference between a point estimate for the mean and a confidence interval for the mean.

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A point estimate is only a single number like ...View the full answer

Business Analytics Data Analysis and Decision Making

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