An interval estimate offers an advantage over a point estimate because it estimates the population parameter using a range of values rather than a single number.

Question

Quizplus · Accepted Answer

An interval estimate provides a range of values that is likely to contain the true population parameter, which provides more information about the precision and uncertainty of the estimate. A point estimate, on the other hand, provides only a single number, which may be less informative and less accurate.

An Interval Estimate Offers an Advantage Over a Point Estimate