Estimation is the process of inferring the value of an unknown population parameter using data from a random sample drawn from the population.

Name: Estimation is the process of inferring the value of an unknown population parameter using data from a random sample drawn from the population.
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Estimation involves using sample data to make inferences about the unknown parameters of a population, such as the mean or proportion, which is a fundamental concept in statistics.

Estimation Is the Process of Inferring the Value of an Unknown