What is a confidence interval of a point estimate?
A) the likelihood that the true parameter falls within a range of values
B) the values that the true parameter is likely to exceed, at a given level
C) a numeric range within which the true parameter falls, at a given confidence level
D) a percentage range of the likelihood that the sample and true mean are equal

Question

Quizplus · Accepted Answer

A confidence interval is a range of values, derived from the sample statistics, used to estimate the true parameter of a population. It is expressed at a given confidence level, indicating how confident we are that the interval contains the true parameter.

What Is a Confidence Interval of a Point Estimate