Asked by
Tyrell Parker
on Nov 04, 2024
Verified
What is the term for a single value used to estimate an unknown population parameter?
A) point estimate
B) confidence interval
C) confidence limits
D) interval estimate
Point Estimate
Single value used to estimate an unknown population parameter.
Population Parameter
A numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.
- Separate and understand the distinctions among terms related to confidence intervals, namely point estimate, confidence limits, and interval estimate.
Verified Answer
KM
Learning Objectives
- Separate and understand the distinctions among terms related to confidence intervals, namely point estimate, confidence limits, and interval estimate.