How do point estimates compare to confidence intervals?
A) Correct point estimates would signal high precision, but point estimates tend to have lower confidence levels than do confidence intervals
B) Point estimates are more accurate than confidence intervals.
C) Point estimates are better for interval and ratio scales, where as confidence intervals are only useful for interval scales.
D) All of the above are correct ways to compare the two.

Question

Quizplus · Accepted Answer

Point estimates can provide precise estimates but may not have high confidence levels, whereas confidence intervals provide a range of possible values that the true population parameter may fall within, giving a measure of precision and uncertainty.

How Do Point Estimates Compare to Confidence Intervals