Because of sampling error, the point estimate of the population mean can never provide the "best" estimate of a single parameter value.

Question

Quizplus · Accepted Answer

Sampling error does not prevent a point estimate from being the "best" estimate of a population parameter; it simply means the estimate may not be perfectly accurate. The point estimate, especially if derived from a large and random sample, is often considered the best single estimate of the population mean available.

Because of Sampling Error, the Point Estimate of the Population