Which of the following best describes the goal of estimation?
A)to determine the extent to which a result is significant
B)to estimate the significance of a result
C)to narrow in on the true population mean by defining limits within which it is likely to be contained
D)both A and B

Question

Quizplus · Accepted Answer

The goal of estimation is to estimate the true population mean by defining limits within which it is likely to be contained. This involves using data from a sample to calculate a point estimate of the mean, as well as a confidence interval around that estimate that provides an estimate of the range of values within which the true population mean is likely to be found. The other answer choices do not accurately describe the goal of estimation.

Which of the Following Best Describes the Goal of Estimation