The two most commonly used types of estimates in statistics are ________.
A)cluster intervals and standard estimates
B)unbiased estimator and standard distribution
C)point estimates and confidence intervals
D)sampling estimates and central limit interval

Question

Quizplus · Accepted Answer

Point estimates give a single value as an estimate for a population parameter, while confidence intervals provide a range of values within which the true population parameter is likely to fall. These are the two most commonly used types of estimates in statistics. The other options listed do not accurately describe commonly used types of estimates in statistics.

The Two Most Commonly Used Types of Estimates in Statistics