When estimating a population mean, are you more likely to be correct when you use a point estimate or an interval estimate? Explain your reasoning. Choose the correct answer below. O A. You are more likely to be correct using a point estimate because an interval estimate is too broad and contains many possible values. O B. You are more likely to be correct using an interval estimate because it is unlikely that a point estimate will exactly equal the population mean. OC. Ifns30 an interval estimate is more accurate. If n> 30 a point estimate is more accurate. O D. There is no difference between an interval estimate and a point estimate in terms of accuracy.

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When estimating a population mean, are you more likely to be correct when you use a point estimate or an interval estimate?
Explain your reasoning.
Choose the correct answer below.
O A. You are more likely to be correct using a point estimate because an interval estimate is too broad and contains many
possible values.
O B. You are more likely to be correct using an interval estimate because it is unlikely that a point estimate will exactly equal the
population mean.
OC. Ifns30 an interval estimate is more accurate. If n> 30 a point estimate is more accurate.
O D. There is no difference between an interval estimate and a point estimate in terms of accuracy.
Transcribed Image Text:When estimating a population mean, are you more likely to be correct when you use a point estimate or an interval estimate? Explain your reasoning. Choose the correct answer below. O A. You are more likely to be correct using a point estimate because an interval estimate is too broad and contains many possible values. O B. You are more likely to be correct using an interval estimate because it is unlikely that a point estimate will exactly equal the population mean. OC. Ifns30 an interval estimate is more accurate. If n> 30 a point estimate is more accurate. O D. There is no difference between an interval estimate and a point estimate in terms of accuracy.
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