A single number that is the best guess of a population parameter based on sample results is called:
A)a sample statistic
B)a point estimate
C)an interval estimate
D)a probability distribution
E)a sample parameter

Question

Quizplus · Accepted Answer

A point estimate is a single value (or point) that serves as the best guess or best estimate of a population parameter (like the population mean or population proportion). This is derived from sample data.

A Single Number That Is the Best Guess of a Population