SOLUTION: What is the difference between a point estimate and a confidence interval estimate? Does the confidence interval always contain the true population parameter? Yes or No. I think i

Question 350252: What is the difference between a point estimate and a confidence interval estimate? Does the confidence interval always contain the true population parameter? Yes or No. I think it is yes.
Interpret what is meant by a 95% confidence interval.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
What is the difference between a point estimate and a confidence interval estimate?
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A point estimate is some sample statistic such as sample mean, or
sample proportion.
A confidence interval estimate is a derived interval around a
sample mean or sample proportion that may or may not contain the
population mean or population proportion.
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Does the confidence interval always contain the true population parameter? Yes or No. No is the correct answer.
--------
Interpret what is meant by a 95% confidence interval.
Using the method prescribed we can state with 95% confidence
that the interval does contain the population parameter.
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Cheers,
Stan H.
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