Q 8.1.
Question
The value of a statistic used to estimate a parameter is called a ______ of the parameter.
Step-by-Step Solution
Verified Answer
The value of a statistic used to estimate a parameter is called a point estimate of the parameter.
1Step 1: Analyze the problem
Identify the key information and relationships.
2Step 2: Solve
Apply the appropriate technique to solve the problem.
Other exercises in this chapter
Q 8.3.
When estimating an unknown parameter, what does the margin of error indicate?
View solution Q 8.2.
What is a confidence interval estimate of a parameter? Why is such an estimate superior to a point estimate?
View solution Q 8.7
A simple randoes sample is taken from a population and yields the following data for a variable of the population:Find a point estimatate for the population mea
View solution Q 8.8
A simple random sample is taken from a population and yields the following data for a variable of the population:Find a point estimate for the population mean (
View solution