Question: What is the difference between a point estimate and an interval estimate? Give an example of each. Suppose the 95% confidence interval for a population

  1. What is the difference between a point estimate and an interval estimate? Give an example of each.
  2. Suppose the 95% confidence interval for a population mean is (56.56, 62.39), create a sentence interpreting this interval. What does the phrase "95% confidence" mean in this context?
  3. At a fixed confidence level, what effect will increasing the sample size have on the length of a confidence interval?

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