What is the difference between confidence interval and point estimate?
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Point estimation gives us a particular value as an estimate of the population parameter. . Interval estimation gives us a range of values which is likely to contain the population parameter. ... A confidence interval is a random interval.
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Point estimation gives us a particular value as an estimate of the population parameter. . Interval estimation gives us a range of values which is likely to contain the population parameter. ... A confidence interval is a random interval.
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