/ Dictionary / Index I interval estimation: Meaning and Definition of Find definitions for: in'terval estima"tion Pronunciation: [key] — Statistics. Statistics. the process of estimating a parameter of a given population by specifying an interval of values and the probability that the true value of the parameter falls within this interval. Cf. point estimation. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. interval estimate interval of convergence Related Content Daily Word Quiz: pundit Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language