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Point and Interval Estimation
  • From Mathematics, Statistics
  • Due on 06 Oct, 2016 12:00:00
  • Asked On 05 Oct, 2016 04:29:15
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Discuss briefly in your own words (with examples) the meaning of an estimator and an estimate.

Explain with examples, what is a point estimate and an interval estimate.

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Point and Interval estimate solution
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  • Submitted On 05 Oct, 2016 05:26:10
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An estimator is a formula or a rule that is used to calculate the approximate value of an actual number. An estimate on the other hand is the exact number used as an approxim...
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