SMAT 130B-01 – CRN: 10227: When estimating a population​ mean, are you more likely to be correct when you use a point estimate or an interval​ estimate? Explain your reasoning.

Posted: November 29th, 2022

Question content area bottom

Part 1

Choose the correct answer below.

A.

You are more likely to be correct using an interval estimate because it is unlikely that a point estimate will exactly equal the population mean.

Your answer is correct.

B.

You are more likely to be correct using a point estimate because an interval estimate is too broad and contains many possible values.

C.

If

n≤30

an interval estimate is more accurate. If

n>30

a point estimate is more accurate.

D.

There is no difference between an interval estimate and a point estimate in terms of accuracy.