Which of the following statements is true with respect to a point estimate?
A) It is subject to sampling error and will almost always be different from the true value of the population parameter.
B) It is a population parameter.
C) It is the upper value of an interval estimate.
D) Neither it is subject to sampling error and will almost always be different from the true value of the population parameter nor it is a population parameter.
E) Both it is subject to sampling error and will almost always be different from the true value of the population parameter and it is a population parameter.

Question

Quizplus · Accepted Answer

A point estimate is a single value that estimates a population parameter based on sample data. It is subject to sampling error, which means that it will almost always be different from the true value of the population parameter. Therefore, statement A is true while statements B, C, and D are false. Statement E is partially true (the first part), but it is not a complete answer.

Which of the Following Statements Is True with Respect to a Point