The fact that a point estimate will likely be different than the corresponding population value is due to the fact that point estimates are subject to sampling error.

Question

Quizplus · Accepted Answer

Sampling error is the variation between the values obtained from a sample and the actual population value. Therefore, point estimates, which are based on sample data, will likely have some degree of sampling error and be different from the population value.

The Fact That a Point Estimate Will Likely Be Different