Question: 1. Explain why it is important to calculate the confidence interval in addition to calculating the point estimate of a population parameter. 2. Explain what

1. Explain why it is important to calculate the confidence interval in addition to calculating the point estimate of a population parameter.

2. Explain what being 95% confident that the population mean is in an interval actually indicates.

3. An increase in the level of confidence will result in a confidence interval for the population mean.

4. An increase in the sample size will result in a confidence interval for the population mean.

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