inferential statistics

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Title: inferential statistics

Essay Details:

Subject: Social Issues

Author: John P

Date: April 5, 2015

Level: University

Grade: A

Length: 4 / 1028

Essay text:

Two types of estimates can be made about a population that is point estimate and interval estimate. Point estimate A point estimate is a single number that is used to estimate an unknown population parameter. For example, if while watching members of a football team come onto the field, you say “I bet their line must weigh 250pounds.” You’ve made a point estimate. A department chairwoman would make a point estimate if she said, “Our current data indicate that this course will have 350 students in the fall. A point estimate is often insufficient because it is either right or wrong. If you are told only that the chairwoman’s point estimate of enrollment is wrong, you do not know how wrong it is, and you cannot be certain of the estimate reliability...

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