Asked by Lillian Hernandez on Jul 02, 2024
Based on the formula 
we can assume that the point estimate 
of the population mean 
will be at the center of the confidence interval estimate.
Point Estimate
A single value or statistic used to estimate an unknown population parameter based on sample data.
Population Mean
The mean value of every number within a given population.
- Identify the differences between point estimates and actual population parameters in statistical inference.
Learning Objectives
- Identify the differences between point estimates and actual population parameters in statistical inference.