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Chapter 10 - Estimation - Coggle Diagram
Chapter 10 - Estimation
Concepts of estimation
A point estimator draws inferences about a population by estimating the value of the unknown parameter using a single value
An interval estimator draws inferences about a population by estimating the value of the unknown parameter using an interval
The objective of estimation is to determine the approximate value of a population parameter on the basis of a sample statistic
Interval estimators
An interval estimator provides more information about a population characteristic than a point estimator does
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