Asked by sangita choudhry on Sep 29, 2024
A point estimator is defined as:
A) a range of values that estimates an unknown population parameter.
B) a single value that estimates an unknown population parameter.
C) a range of values that estimates an unknown sample statistic.
D) a single value that estimates an unknown sample statistic.
Point Estimator
A point estimator is a statistic used to estimate the value of an unknown parameter of a population.
Population Parameter
A characteristic or measure that describes an aspect of an entire population, such as its mean, variance, or proportion.
Sample Statistic
A numerical measure that describes an attribute of a sample of a population.
- Outline the differences between point and interval estimates.
Learning Objectives
- Outline the differences between point and interval estimates.
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