A 90% Certainty Unemployment Rose. Or Fell - WSJ (ic.edu)

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Specifically, discuss the variation associated with point estimates and why that variation may cause misinterpretations of the data. Discuss why confidence intervals are an important measure for determining the level of variability in the data and how the spread of the confidence interval, in this case in particular, can lead to ambiguous conclusions. Try to relate the reported results to a hypothesis test and determine what conclusions can actually be drawn. Explain why the sampling process is too costly to perform a true random sample and how that may affect the results of the reported statistics. Discuss how increasing the number of observations can affect the efficiency of the point estimate. Feel free to add any additional arguments to discuss the difficulty in reporting statistics. Your essay should be around one page. You will be graded on the quality of the response.