what is the relationship between the point estimate and confidence intervals?
56 Views|Posted 2013-01-17 18:33:19
Asked by Usma Cheema
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2 Answers

Answered by
2013-01-17 18:50:55
In statistics, point estimation involves the use of sample data to calculate a single value (known as a statistic) which is to serve as a "best guess" or "best estimate" of an unknown (fixed or random) population parameter.
More formally, it is the application of a point estimator to the data.
In

Answered by
2013-01-17 18:50:13
A point estimate in a normal distribution may fall in the range of confidence interval or may fall outside the confidence interval. if it falls in the Null Hypothesis (inside the interval) we fail to reject the null hypothesis. if it falls on the alternate hypothesis. We will reject the null hypothe
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