Reword the following answer: O True Interval estimates do indeed provide information about how close the point estimate is to the actual parameter value. An interval estimate is a range of values used to estimate a population parameter. The estimate includes an uncertainty value and a confidence level. The point estimate is a single value used to approximate the population parameter. For example, the sample mean is a point estimate of the population mean. However, due to sampling variation, the point estimate is likely not exactly equal to the parameter, and that's where the interval estimate comes in. The interval estimate provides a range within which the parameter is likely to fall, giving you an idea of the precision of your point estimate. It provides more information about where the population parameter should be. So, the statement that the purpose of an interval estimate is to provide information about how close the point estimate is to the value of the population parameter is indeed true