What is a confidence-interval estimate of a parameter? Why is such an estimate superior to a point estimate?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...
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What is a confidence-interval estimate of a parameter? Why is such an estimate superior to a point estimate?

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