Question: 1. What is the difference between a point estimate and an interval estimate of a parameter? Which is better? Why? 2. What information is necessary

1. What is the difference between a point estimate and an interval estimate of a parameter? Which is better? Why? 2. What information is necessary to calculate a confidence interval? 3. What is the margin of error? 4. What is meant by the 95% confidence interval of the mean? 5. What are the three properties of a good estimator? A good estimator should be unbiased, consistent, and relatively efficient. 6. What is meant by the 99% confidence interval for a proportion

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