An advantage to using interval estimates instead of point estimates is ______.
A) interval estimates provide more information than point estimates
B) interval estimates are easier to calculate than point estimates
C) interval estimates are easier to interpret that point estimates
D) all of these

Question

Quizplus · Accepted Answer

Interval estimates provide a range of values which gives more information about the parameter being estimated, including the level of uncertainty, compared to a single point estimate.

An Advantage to Using Interval Estimates Instead of Point Estimates