Asked by Charles Burns on Apr 26, 2024
Verified
The error of estimation is the difference between a statistic computed from a sample and the corresponding parameter computed from the population.
Error of Estimation
The discrepancy between a population parameter and its estimate, indicating the uncertainty associated with the estimation process.
Statistic
A single measure, calculated from sample data, used to summarize a characteristic of the sample.
Parameter
A characteristic or measure that can define or summarize a particular aspect of a statistical population or model.
- Comprehend the implications of sampling error on point estimates.
Verified Answer
EH
Elias HerreraApr 29, 2024
Final Answer :
True
Explanation :
This is a correct definition of the error of estimation.
Learning Objectives
- Comprehend the implications of sampling error on point estimates.