Asked by
Priyanka Ambardar
on Nov 04, 2024
Verified
A point estimate is ______.
A) a measure of variability
B) a single value used to estimate an unknown population parameter
C) the lower boundary of a confidence interval
D) a range or interval of values that has a stated probability of containing an unknown population parameter
Point Estimate
A single value estimate of a population parameter that serves as the best guess or prediction of the parameter.
- Discriminate between the terms associated with confidence intervals, including point estimate, confidence limits, and interval estimate.
Verified Answer
SD
Learning Objectives
- Discriminate between the terms associated with confidence intervals, including point estimate, confidence limits, and interval estimate.