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interval estimate

   Also found in: Encyclopedia 0.01 sec.
interval estimate
n
(Mathematics & Measurements / Statistics) Statistics an interval within which the true value of a parameter of a population is stated to lie with a predetermined probability on the basis of sampling statistics Compare point estimate


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For myself, I found that going through the exercise typically caused me to widen my interval estimates and really pay attention to what I thought I knew and what I knew I didn't know.
429), "Probably the greatest ultimate importance, among all types of statistical procedures we now know, belongs to the confidence procedure which, by making interval estimates, attempt to reach as strong conclusions as are reasonable.
 
 
 
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