Asked by Hannah Millican on Jul 03, 2024
A hypothesis that specifies a range of values for the unknown parameter is called an interval estimate.
Interval Estimate
An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, with a certain level of confidence.
Unknown Parameter
A value within a statistical model that is not observed directly but is estimated from the data.
- Differentiate between point estimates and interval estimates within the context of hypothesis testing.
Learning Objectives
- Differentiate between point estimates and interval estimates within the context of hypothesis testing.
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