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 level.
D)population estimate.

Question

Quizplus · Accepted Answer

An interval estimate is a range of values that has a certain level of confidence of containing the true population parameter. Therefore, option B is the correct choice. Confidence level refers to the level of certainty that the true population parameter falls within the interval, parameter level refers to the numerical value of the population parameter, and population estimate refers to the estimated value of the population parameter, but not necessarily within an interval.

An Estimate of a Population Parameter That Provides an Interval