A point estimate is a single number that is used as an estimate of a population parameter or population characteristic. It is usually derived from a random sample from the population of interest.

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Quizplus · Accepted Answer

This statement is true. A point estimate is indeed a single value used to estimate a population parameter, such as the mean or proportion of a population. It is based on a random sample from that population.

A Point Estimate Is a Single Number That Is Used