Using a statistic to estimate a parameter as a single value is called estimation.
A)interval
B)point
C)unbiased
D)consistent

Question

Quizplus · Accepted Answer

Point estimation involves using a single value to estimate a parameter of interest, such as using the sample mean to estimate the population mean. Interval estimation, on the other hand, involves constructing a range of values within which the parameter is likely to fall. Unbiased and consistent are properties that we want our estimator to have, but they do not refer to the type of estimation being used.

Using a Statistic to Estimate a Parameter as a Single