Which of the following is NOT true of point estimates?
A) They are based on sample data.
B) They are used to estimate the parameters of a population.
C) They include adjustments for standard error.
D) They are more specific than confidence intervals.

Question

Quizplus · Accepted Answer

Point estimates do not include adjustments for standard error. They simply provide a single value as an estimate for the parameter of interest in the population based on the sample data. Confidence intervals, on the other hand, do include adjustments for standard error and provide a range of values within which the true population parameter is likely to lie. Option A and B are true as point estimates are based on sample data and used to estimate population parameters, and option D is true as confidence intervals are more specific than point estimates as they provide a range of values rather than a single value.

Which of the Following Is NOT True of Point Estimates