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Estimation deals with determining values for unknown population parameters and intervals that will contain the parameters based on samples. Point estimation provides a single statistic as an estimate, while interval estimation finds a range (t1, t2) that the parameter falls within at a given confidence level (1-α). Confidence intervals can be constructed for a population mean or proportion based on the sample mean or proportion, sample size, and z-values corresponding to the confidence level. Examples provi

Author

Jivin George Thomas

Language

EN