Chapter8IntervalEstimation-TexasAM.pptVIP

Chapter 8Interval Estimation Population Mean: s Known Population Mean: s Unknown Determining the Sample Size Population Proportion A point estimator cannot be expected to provide the exact value of the population parameter. An interval estimate can be computed by adding and subtracting a margin of error to the point estimate. Point Estimate +/- Margin of Error The purpose of an interval estimate is to provide information about how close the point estimate is to the value of the parameter. Margin of Error and the Interval Estimate The general form of an