What is the best description of a point estimate? a. Any value from the sample used to estimate a parameter b. A sample statistic used to estimate a parameter C. The margin of error used to estimate a parameter. Which best describes the lower endpoint of a confidence interval? a. point estimate b. point estimate minus margin of error C. point estimate minus standard error Which one of the following random variables would require that the confidence interval for the proportion, rather than the mean, be used?
What is the best description of a point estimate? a. Any value from the sample used to estimate a parameter b. A sample statistic used to estimate a parameter C. The margin of error used to estimate a parameter. Which best describes the lower endpoint of a confidence interval? a. point estimate b. point estimate minus margin of error C. point estimate minus standard error Which one of the following random variables would require that the confidence interval for the proportion, rather than the mean, be used?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Transcribed Image Text:2.1 What is the best description of a point estimate?
a. Any value from the sample used to estimate a parameter
b. A sample statistic used to estimate a parameter
C.
c. The margin of error used to estimate a parameter.
2.2 Which best describes the lower endpoint of a confidence interval?
a. point estimate
b. point estimate minus margin of error
c. point estimate minus standard error
2.3
Which one of the following random variables would require that the confidence
Interval for the proportion, rather than the mean, be used?
a. the volume in ml of bottle fill-weight
b. the number of employees who vote "in favour, rather than "against," a new over-
time policy
C.
the number of sales per enmployce in 2021
d. the weight in kilograms of bags of fertilizer
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