Confidence interval is a measure of?
Correct answer: B. Precision
- A. Accuracy
- B. Precision
- C. Error
- D. All of above
Explanation
A confidence interval expresses the precision of an estimate by showing a range of plausible parameter values. Accuracy concerns closeness to the true value, which cannot be guaranteed merely by calculating an interval.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Estimation
21 free Estimation MCQs from Statistics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Statistics questions like this
Statistics is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.