Many people do not like or trust single point estimates for things they need measured. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better? Why?

Ask a manger in your organization if they would prefer a single point estimate or a range for important measures, and why? Please share what they say.

ANSWER

The main issue with the single point estimate is that that give a point estimate. So we can get that the required estimate of the population parameter is that particular value. But in most of the real life situations, as stated by my managers, its not possible to stick to that value itself. Specially in production or any manufacturing process the quality is...