According to a Gallup poll in October 2015, having young children at home greatly influences whether women in the U. S. prefer to stay at home or work outside of it. More than half of women, 57%, who have a child younger than 18 would ideally like to stay home and care for their house and family, while 58% of those without young children would rather work outside the home. Having young children makes little difference in men's preferences, with close to three-quarters preferring to work regardless of their parenting status. Gallup states that their method has a margin of error of 0.031. 1. Give a point estimate for the proportion of all US women with a child under 18 that would like to stay at home.
2. Give an interval estimate for the proportion of all US women with a child under 18 that would like to stay at home.
3. What is the difference between a point estimate and an interval estimate?
A. A point estimate only tells us the best guess for theparameter; an interval estimate is more likely to be close to the parameter than a single point.
B. A point estimate only tells us the best guess for the parameter; an interval estimate also gives us a measure of how far away that guess is likely to be from the parameter.
C. A point estimate only tells us the parameter value; an interval estimate also gives us a measure of how far away that guess is likely to be from the parameter.
D. A point estimate only tells us the parameter value; an interval estimate also gives us a plausible range of values for the statistic.
E. A point estimate only tells us the parameter value; an interval estimate also gives us a plausible range of values for the parameter.