STATISTICAL TECHNIQUES AND TOOLS
CONCEPT OF POINT AND INTERVAL ESTIMATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A point estimate of a population consists of how many numbers?
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1
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2
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10
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infinite
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Explanation:
Detailed explanation-1: -a. The point estimate of the population mean is the sample mean.
Detailed explanation-2: -A point estimate is a single value estimate of a parameter. For instance, a sample mean is a point estimate of a population mean. An interval estimate gives you a range of values where the parameter is expected to lie. A confidence interval is the most common type of interval estimate.
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