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interval estimation
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interval estimation
noun Statistics.
the process of estimating a parameter of a given population by specifying an interval of values and the probability that the true value of the parameter falls within this interval.
Compare point estimation.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Interval estimation
is always a great word to know.
So is ort. Does it mean:
| a scrap or morsel of food left at a meal. |
| a stew of meat, vegetables, potatoes, etc. |
Encyclopedia Britannica
Encyclopedia
interval estimation
in statistics, the evaluation of a parameter-for example, the mean (average)-of a population by computing an interval, or range of values, within which the parameter is most likely to be located. Intervals are commonly chosen such that the parameter falls within with a 95 or 99 percent probability, called the confidence coefficient. Hence, the intervals are called confidence intervals; the end points of such an interval are called upper and lower confidence limits.
Learn more about interval estimation with a free trial on Britannica.com.
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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