Point estimate and Interval Estimate of a Parameter
Not what you're looking for?
Explain the difference between a point estimate and an interval estimate of a parameter? Which is better? Why?
Purchase this Solution
Solution Summary
This solution explains the difference between the point estimate and the interval estimate of a parameter by defining both and comparing which is better and why.
Solution Preview
A point estimate gives just a single value for the population parameter, which is the sample parameter. For example, the point estimate of the ...
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.