An important sample value used in making estimates about population parameters is sample size.

Question

Quizplus · Accepted Answer

Sample size is important in making estimates about population parameters because it affects the accuracy and precision of the estimate. A larger sample size generally leads to a more accurate estimate, while a smaller sample size can introduce more variability and uncertainty in the estimate. Therefore, sample size is a crucial factor to consider when conducting statistical analyses and making inferences about a population based on a sample.

An Important Sample Value Used in Making Estimates About Population