what is the relationship between the point estimate and confidence intervals?

56 Views|Posted 2013-01-17 18:33:19
Asked by Usma Cheema
The question is closed for answering
2 Answers
Nithin Kumar
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

...Read more

Thumbs Up IconUpvote Thumbs Down Icon
Ashish Gupta
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

...Read more

Thumbs Up IconUpvote Thumbs Down Icon

Taking an Exam? Selecting a College?

Get authentic answers from experts, students and alumni that you won't find anywhere else.

On Shiksha, get access to

66K
Colleges
|
1.2K
Exams
|
6.9L
Reviews
|
1.9M
Answers

Share Your College Life Experience

Didn't find the answer you were looking for?

Search from Shiksha's 1 lakh+ Topics

or

Ask Current Students, Alumni & our Experts

Have a question related to your career & education?

or

See what others like you are asking & answering