Chapter 08, Section 8.1, Problem 002 X Incorrect. Explain the meaning of a point estimate and an interval estimate. The value of a sample statistic used to estimate a population parameter is called a point estimate. In interval estimation, an interval is constructed around the point estimate, and it is stated that this interval is likely to contain the corresponding population parameter. O The value of a sample statistic used to estimate the mean is an interval estimate, and a point estimate is the value of a sample statistic used to estimate the standard deviation. The value of a sample statistic used to estimate a population parameter is called an interval estimate. A point estimate is an interval that is constructed around the interval estimate, and it is stated that this interval is likely to contain the corresponding population parameter. O A point estimate is a population parameter used in calculations while an interval estimate is an interval that is constructed around the point estimate, and it is stated that this interval is likely to contain the corresponding population parameter. The value of a sample statistic used to estimate the standard deviation is an interval estimate, and a point estimate is the value of a sample statistic used to estimate the mean. SHOW HINT SAVE FOR LATER SUBMIT ANSWER Question Attempts: 1 of 2 used

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