Write a short note on interval estimation Parameters.

1.	Write a short note on interval estimation Parameters.
Answer» Explanation: 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.

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Explanation:

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.

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Write a short note on interval estimation Parameters.