When estimating a population mean, are you more likely to be correct when you use a point estimate or an interval estimate? Explain your reasoning. Choose the correct answer below. ***** OA. If n ≤30 an interval estimate is more accurate. If n > 30 a point

Last updated: 7/22/2022

When estimating a population mean, are you more likely to be correct when you use a point estimate or an interval estimate? Explain your reasoning. Choose the correct answer below. A. If n ≤30 an interval estimate is more accurate. If n > 30 a point estimate is more accurate. B. You are more likely to be correct using a point estimate because an interval estimate is too broad and contains many possible values. C. You are more likely to be correct using an interval estimate because it is unlikely that a point estimate will exactly equal the population mean. D. There is no difference between an interval estimate and a point estimate in terms of accuracy.