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QUESTION 3 What is the difference between a point estimate and a confidence interval. Dont just give the definition of the t
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The difference between a point estimate and Confidance interval ,

1)A point estimate of a population parameter is a single value of a statistic. Confidance interval estimate is defined by two numbers, between which a population parameter is said to lie.

2) Point estimate has no sampling distribution whereas confidence interval has sampling distribution

3) Point estimate depends on sample data. The confidence interval depends on sample statistic.

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