What sample statistic is used to estimate a population parameter
Asked by admin @ in Mathematics viewed by 353 People
True or false: a point estimate consists of a single sample statistic that is used to estimate the true population parameter.
Answered by admin @
The answer for this completion exercise is: True
By definition, statistics is a branch of mathematics and is used to the process data, evaluate it. In other words, we can define it as a form of mathematical analysis.
One of the proccess used in statistics is the point estimate. Therefore, the known as point estimate "consists of a single sample statistic that is used to estimate the true population parameter". So, this is very usefull to the statisticians.
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