In point estimation, data from the _____.
A) population are used to estimate the population parameter
B) sample are used to estimate the population parameter
C) sample are used to estimate the sample statistic
D) None of the answers is correct.

Question

Quizplus · Accepted Answer

Point estimation involves using data from a sample to estimate a population parameter. Therefore, option B is the correct answer. Option A is not correct because in point estimation, we do not have access to data from the entire population. Option C is also not correct because point estimation is used to estimate population parameters, not sample statistics. Option D is incorrect because there is a correct answer.

In Point Estimation, Data from the _____