Confidence in a point estimate _____, whereas confidence in an interval estimate _____.
A) is very high; is very low
B) is based on the alpha level used; is based on the margin of error calculated
C) cannot be articulated; is directly related to the size of the interval constructed
D) is very low; is very high

Question

Quizplus · Accepted Answer

Confidence in a point estimate cannot be quantified in the same way as confidence in an interval estimate, which increases with the size of the interval. This is because a point estimate gives a single value while an interval estimate provides a range of values, allowing for a specified level of confidence that the interval contains the true parameter.

Confidence in a Point Estimate _____, Whereas Confidence in an Interval