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Define point estimation and interval estimation

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Reference no: EM131673041

Question: 1. Explain how estimation differs from hypothesis testing in terms of making decisions regarding the null hypothesis.

2. Explain how the process of estimation is different from hypothesis testing.

3. Define point estimation and interval estimation.

4. What are an advantage and a disadvantage of using only the sample mean to estimate the population mean?

Reference no: EM131673041

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