SOLUTION: Please help me with this one.. Explain the difference between a point estimate and an interval estimate.

Question 1115112: Please help me with this one..
Explain the difference between a point estimate and an interval estimate.
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
Point estimation gives you a particular value as an estimate of the population parameter. For example, the sample mean is a point estimate of the population mean.
Interval estimation gives us a range of values which is likely to contain the population parameter. This interval is called a confidence interval. For example, a < x < b (with a dash over the x) is an interval estimate of the population mean μ. It indicates that the population mean is greater than a but less than b.
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