Point estimates do not provide any indication of the magnitude of the potential error in the estimate.

Name: Point estimates do not provide any indication of the magnitude of the potential error in the estimate.
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Question

Quizplus · Accepted Answer

Point estimates give a single value as an estimate of a parameter, but they do not include information about the variability or uncertainty of that estimate, which is typically provided by confidence intervals or standard errors.

Point Estimates Do Not Provide Any Indication of the Magnitude