Asked by Chukwuebuka Mochaauchefuna on Jul 11, 2024
Verified
In point estimation
A) data from the population is used to estimate the population parameter.
B) data from the sample is used to estimate the population parameter.
C) data from the sample is used to estimate the sample statistic.
D) the mean of the population equals the mean of the sample.
Population Parameter
A numerical value that describes a characteristic of an entire population.
Sample Statistic
A sample characteristic, such as a sample mean x, a sample standard deviation s, a sample proportion p, and so on. The value of the sample statistic is used to estimate the value of the corresponding population parameter.
- Gain an understanding of the core concepts related to the point estimation methodology.
Verified Answer
TY
Tyler YarbroJul 17, 2024
Final Answer :
B
Explanation :
In point estimation, data from the sample is used to estimate the population parameter. This means that a single point value is used to estimate the population parameter of interest, based on information from the sample.
Learning Objectives
- Gain an understanding of the core concepts related to the point estimation methodology.