1. What is estimation? What is the difference between the two kinds of estimation techniques? 2. Explain the concept of

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1 What Is Estimation What Is The Difference Between The Two Kinds Of Estimation Techniques 2 Explain The Concept Of 1 (52.4 KiB) Viewed 64 times

1. What is estimation? What is the difference between the two kinds of estimation techniques? 2. Explain the concept of confidence intervals/levels and margins of error -- what information do they provide, what are the formula(s), etc. (Tip: For the exam, you'll want to make sure you can calculate and interpret confidence intervals.) 3. What is the relationship between confidence levels and estimate precision? 4. What is the standard error? Can the standard error be estimated? If so, how? 5. What is the difference between H and H.? (Tip: For the exam, you will need to be able to provide an example of each.)