Evaluate the effect of variability measurement


Discuss the below:

The Mayor of your city is up for reelection. Her campaign manager needs to give her an estimate of the proportion of registered voters who intend to vote for her. After watching the following video:

https://www.youtube.com/watch?v=5VTkJnoXvC0

1. Distinguish the difference between a point estimate and a confidence interval.

2. Describe whether a point estimate alone is adequate.

In your summary, evaluate the effect of variability measurement (confidence interval) on the resulting estimates.

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Basic Statistics: Evaluate the effect of variability measurement
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