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Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is point estimation?
π‘ Hint: Think of a specific number you might use to represent a larger group.
Question 2
Easy
What does interval estimation provide?
π‘ Hint: It gives you more than just one answer.
Practice 4 more questions and get performance evaluation
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does statistical inference allow us to do?
π‘ Hint: Think about how small data sets relate to larger contexts.
Question 2
True or False: Point estimation provides a range of values rather than a single point.
π‘ Hint: Remember the difference between point and interval estimation.
Solve 1 more question and get performance evaluation
Push your limits with challenges.
Question 1
A researcher has a data sample from a population. How would they calculate both a point and an interval estimate for the mean? Provide steps.
π‘ Hint: Recall how to compute means and standard deviations.
Question 2
You have noticed changes in customer purchase behavior over a month. Now you want to test if the average expenditure has increased. Outline the hypothesis testing steps you would take.
π‘ Hint: Think about each step logically; use your learning from earlier sessions.
Challenge and get performance evaluation