Question

Summarize briefly the following questions!!!
 Estimation
• Point Estimation
• Interval Estimation
Hypothesis Testing
• Single population Hypothesis testing

Answer 1

**Estimation:**
- **Point Estimation:** This involves providing a single value as an estimate of an unknown parameter, such as the mean or proportion of a population.
- **Interval Estimation:** This gives a range of values (confidence interval) within which the parameter is expected to lie, providing more information than a point estimate.

**Hypothesis Testing:**
- **Single Population Hypothesis Testing:** This process involves making inferences about a population parameter based on a sample, using a null hypothesis (H0) and an alternative hypothesis (H1). It determines whether there is enough evidence to reject the null hypothesis in favor of the alternative.