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Questions and Answers
What is the definition of point estimation?
What is the definition of point estimation?
- The range of values in a confidence interval
- Most likely value of the parameter (correct)
- The average of multiple samples
- A range of values with known likelihood of capturing the parameter
What does a 95% confidence interval (CI) indicate?
What does a 95% confidence interval (CI) indicate?
- It captures 95% of the sample population
- It captures the mean with 95% likelihood (correct)
- It captures 95% of the parameter
- It captures 95% of the CIs
What percentage of the CIs will capture the parameter in a 95% confidence interval?
What percentage of the CIs will capture the parameter in a 95% confidence interval?
- 80%
- 95% (correct)
- 90%
- 100%
What is the purpose of taking multiple samples from the sample population?
What is the purpose of taking multiple samples from the sample population?
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In interval estimation, what does a range of values with known likelihood of capturing the parameter represent?
In interval estimation, what does a range of values with known likelihood of capturing the parameter represent?
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What is the purpose of a 95% confidence interval (CI)?
What is the purpose of a 95% confidence interval (CI)?
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What does a 95% confidence interval (CI) indicate?
What does a 95% confidence interval (CI) indicate?
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What is the reasoning behind a 95% confidence interval (CI)?
What is the reasoning behind a 95% confidence interval (CI)?
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What does interval estimation represent?
What does interval estimation represent?
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What percentage of the CIs will capture the parameter in a 95% confidence interval?
What percentage of the CIs will capture the parameter in a 95% confidence interval?
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