ABSTRACT
Estimation means finding the values of the unknown population parameters on the basis of sample selected from that population. Point estimation and Interval estimation are the two different types of the estimation. For example when we carry out some sample count tests on the yarn and on the basis of those sample results when we find mean such as “39.5,” then it is point estimation, but when we find the interval of type (39.2,40.8), then it is interval estimation.
