# Point estimate and Interval Estimate of a Parameter

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Explain the difference between a point estimate and an interval estimate of a parameter? Which is better? Why?

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A point estimate gives just a single value for the population parameter, which is the sample parameter. For example, the point estimate of the ...

#### 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.

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