A point estimate is
A) typically equal to the population parameter.
B) single valued statistic that is the best guess of a population parameter.
C) an interval that contains the population parameter.
D) computed from the population.
Correct Answer:
Verified
Q6: What is a statistic? A parameter? How
Q7: What is a population? A sample? How
Q8: Econometrics is
A)the study of how people chose
Q9: Statistical inference is
A)the process of using the
Q10: In econometrics,a population is
A)a large number of
Q11: A parameter is
A)a value that fluctuates depending
Q12: A statistic is
A)a function that is computed
Q13: Sampling without replacement is
A)ensures the individuals in
Q14: What is statistical inference? Why is it
Q15: In econometrics,a sample is
A)the entire group of
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