(a) Why is an interval estimate better than a point estimate? (b) What factors determine the width...
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(a) Why is an interval estimate better than a point estimate?
(b) What factors determine the width of a confidence interval?
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a Point estimation gives us a particular value as an estimate of the population parameter whereas in...View the full answer
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Related Book For 
Statistics For Economics Accounting And Business Studies
ISBN: 978027368308
4th Edition
Authors: Michael Barrow
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