suppose you want to estimate the mean age at which US driver
suppose you want to estimate the mean age at which US drivers get their driver\'s licences. Besed on a sample you obtain a point estimate of 17.5 years and a 90% confidence interval of 16.0<mean <19.0.
A. which methode of estimating the mean is perferable and why?
Solution
A)
It is preferable to report the CONFIDENCE INTERVAL because it goves you an idea not just of the point estimate but also about the variation of the data.
[ANSWER: The confidence interval is preferable.]
