SOLUTION: when it states "Find the probability that the resulting estimate will lie within 2 units of the true value." what does the true value part mean? thank you

Algebra ->  Probability-and-statistics -> SOLUTION: when it states "Find the probability that the resulting estimate will lie within 2 units of the true value." what does the true value part mean? thank you       Log On


   

Question 844750: when it states "Find the
probability that the resulting estimate will lie within 2 units of the true value."
what does the true value part mean?
thank you
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
means the real answer, not the estimated value.