A point estimate is used ________.
A)because it's easier to use all the values in the data set than a single value
B)to estimate the value of a population estimate
C)when the population parameter is known
D)only when the population proportion is not known

Question

Quizplus · Accepted Answer

A point estimate is a single value that is used to estimate the value of a population parameter, such as the population mean or population proportion. It is used when the population parameter is unknown or too difficult to calculate, and can be based on a sample from the population. Therefore, the best choice is B.

A Point Estimate Is Used ________