A point estimate ________.
A)has a known measurement error
B)can be found by dividing the population parameter by the sample size
C)accurately estimates the population parameter
D)is a sample-based estimate of a population parameter

Question

Quizplus · Accepted Answer

A point estimate is a sample-based estimate of a population parameter, giving a single value that is likely to be close to the true population parameter. It does not necessarily have a known measurement error and may not accurately estimate the population parameter. It can be found by dividing the sample statistic (e.g., mean, proportion) by the sample size, but not by dividing the population parameter by the sample size, as this would give the population mean or proportion rather than a point estimate.

A Point Estimate ________