If we used a confidence interval to estimate market potential,the lower and upper values could be used to create a(n):
A)correct, incorrect estimate
B)pessimistic, optimistic estimate
C)average, median estimate
D)likely, unlikely estimate
E)none of the above; confidence intervals may not be used to estimate market potential

Question

Quizplus · Accepted Answer

The lower and upper values of a confidence interval can be used to create a range of estimates. The lower value represents a more pessimistic estimate, while the upper value represents a more optimistic estimate. Therefore, choice B is the best answer.

If We Used a Confidence Interval to Estimate Market Potential,the