difference between point and interval estimationSolutionA po

difference between point and interval estimation

Solution

A point estimation gives you just a single number to estimate a certain quantity. For example, the mean height of 10-year-old American boys is 50 in.

Meanwhile, an interval estimation gives you an interval of numbers in which the quantity is most probably in. For example, a 95% confidence interval that the mean height of 10-year-old American boys is 48 in to 52 in.