Homework Help: statistics

Posted by Samantta on Wednesday, July 29, 2009 at 11:26am.

during the month of July, an auto manufacturer gives its production employees a vacation period so it can tool up for the new model run. In surveying a simple random sample of 200 production workers, the personnel director finds that 38% of them plan to vacation out of state for at least one week during this period. Is this a point estimate or an interval estimate? Explain

statistics - PsyDAG, Wednesday, July 29, 2009 at 12:27pm
In statistics, interval estimation is the use of sample data to calculate an interval of possible (or probable) values of an unknown population parameter, in contrast to point estimation, which is a single number.

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