The value added and subtracted from a point estimate in order to develop an interval estimate of the population parameter is known as the Group of answer choices margin of error interval estimate parameter estimate confidence level

The value added and subtracted from a point estimate in order to develop an interval estimate of the population parameter is known as the Group of answer choices margin of error interval estimate parameter estimate confidence level

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

The value added and subtracted from a point estimate in order to develop an interval estimate of the population parameter is known as the

Group of answer choices

margin of error

interval estimate

parameter estimate

confidence level

Definition Definition Method in statistics by which an observation’s uncertainty can be quantified. The main use of interval estimating is for describing a range that is made by transforming a point estimate by determining the range of values, or interval within which the population parameter is likely to fall. This range helps in measuring its precision.

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