Asked by
Stephanie Louster
on Oct 29, 2024
Verified
A point estimate is used ________.
A) because it's easier to use all the values in the data set than a single value
B) to estimate the value of a population estimate
C) when the population parameter is known
D) only when the population proportion is not known
Point Estimate
A single value that serves as an estimate of a population parameter, derived from sample data.
Population Proportion
The fraction of individuals in a population who have a particular characteristic.
- Understand the concept of a point estimate and its role in statistical inference.
Verified Answer
CA
Learning Objectives
- Understand the concept of a point estimate and its role in statistical inference.