Differentiate point estimation from interval estimation.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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What Have I Learned So Far?
Read and answer the following. Write your answers on a separate sheet of
раper.
1. Differentiate point estimation from interval estimation.
2.
What is a confidence level? What is the importance of confidence level in estimation?
3. Interpret the statement, "I am 95% confident that the interval estimate contains u."
4.
Determine the value of z, that would be used in constructing a 90%confidence interval for a
population mean based on a large sample.
5. Find interval values for Z such that P(-z < Z< z) = 0.9886.
Transcribed Image Text:What Have I Learned So Far? Read and answer the following. Write your answers on a separate sheet of раper. 1. Differentiate point estimation from interval estimation. 2. What is a confidence level? What is the importance of confidence level in estimation? 3. Interpret the statement, "I am 95% confident that the interval estimate contains u." 4. Determine the value of z, that would be used in constructing a 90%confidence interval for a population mean based on a large sample. 5. Find interval values for Z such that P(-z < Z< z) = 0.9886.
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