Homework Answers
a statistic that estimates a population parameter
Explaination
According to the defination of point estimate, a point estimate is a statistic used to approximate the population parameter using a random sample.
So a point estimate cannot be a set of values it has to be a single value which can estimate the population parameter.
It need not always be the population mean which is estimated, even the population variance can be estimated.
The estimate need not always be equal to the population value as it is derived from a set of sample values.
Hence point estimate is a statistic that explain population parameter.
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Will rate!!
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