A is a range of values between which the value of the population parameter is believed to be, along with a probability that the interval correctly estimates the true population parameter.
A) point estimate
B) frequentist interference
C) confidence interval
D) fiducial inference

Question

Quizplus · Accepted Answer

A confidence interval is a range of values within which we believe the true population parameter lies with a certain level of confidence. It is a way of quantifying the uncertainty in our estimate of the population parameter. Option A is incorrect as a point estimate is a single numerical value used to estimate a population parameter. Option B is incorrect as frequentist interference refers to using probability distributions to make inferences about population parameters based on data from a sample. Option D is incorrect as fiducial inference is a method of statistical inference that is no longer widely used.

A Is a Range of Values Between Which the Value