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ch8 - 8-1 Introduction In the previous chapter we...

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8-1 Introduction In the previous chapter we illustrated how a parameter can be estimated from sample data parameter can be estimated from sample data. However, it is important to understand how good is the estimate obtained the estimate obtained. Bounds that represent an interval of plausible values for a parameter are an example of an interval estimate . Three types of intervals will be presented: Confidence intervals Prediction intervals • Tolerance intervals
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