An interval estimate is an interval that provides an upper and a lower bound for a specific population parameter whose value is unknown.

Name: An interval estimate is an interval that provides an upper and a lower bound for a specific population parameter whose value is unknown.
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Question

Quizplus · Accepted Answer

The statement is true as an interval estimate is used to estimate the true value of a population parameter within a certain range of values. The interval estimate provides both upper and lower bounds for the parameter.

An Interval Estimate Is an Interval That Provides an Upper