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12. Estimation
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In this informative video, we delve into the concepts of estimation in statistics, exploring the key differences between point estimates and interval estimates.
We'll explain how point estimates provide a single value approximation of a population parameter, while interval estimates offer a range that reflects the uncertainty in our estimates.
Using clear examples, we’ll illustrate how to calculate confidence intervals for means and proportions, showcasing their importance in drawing conclusions from sample data.
Whether you're a student or a data enthusiast, this video will enhance your understanding of statistical estimation and its practical applications!
#ejdansu #mathematics #maths #mathswithejd #statistics #inferentialstatistics #estimation #pointestimates #intervalestimates #confidenceinterval
We'll explain how point estimates provide a single value approximation of a population parameter, while interval estimates offer a range that reflects the uncertainty in our estimates.
Using clear examples, we’ll illustrate how to calculate confidence intervals for means and proportions, showcasing their importance in drawing conclusions from sample data.
Whether you're a student or a data enthusiast, this video will enhance your understanding of statistical estimation and its practical applications!
#ejdansu #mathematics #maths #mathswithejd #statistics #inferentialstatistics #estimation #pointestimates #intervalestimates #confidenceinterval
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