Explain Relationship between Sampling Error and the Margin of Error

Document Type:Coursework

Subject Area:Statistics

Document 1

 Sampling errors happen in light of the fact that just an example of the population is examined. While margin of error fundamentally is a number that endeavored to evaluate the measure of sampling error. Question 2 In a short paragraph, distinguish between a Point Estimate and an Interval Estimate. Explain what each represents and the relationship between them. (3 points) Point estimation, gives you a punctual answer to the problem of parameter estimation, by suggesting a unique value. The Confidence Level related to this interim would reveal to us the level of every conceivable example that can be relied upon to incorporate the true population parameter. The typical qualities are 90%, 95% and 99%. For example, if every conceivable example were chosen from a similar population and a confidence interim were registered for each example.

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