Posted by Samantta on .
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
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.
This should be helpful. Thanks for asking.