An estimate of a population parameter that provides an interval of values believed to contain the value of the parameter is known as the
A)confidence level
B)interval estimate
C)parameter value
D)population estimate

Question

Quizplus · Accepted Answer

An interval estimate provides a range of values within which the population parameter is believed to lie with a certain level of confidence. Confidence level refers to the probability that the interval estimate actually contains the true value of the parameter, and is not the same as the estimate itself. Parameter value refers to the true value of the population parameter, and population estimate refers to any estimate of the parameter, not necessarily an interval estimate.

An Estimate of a Population Parameter That Provides an Interval