In parameter estimation,a value such as the population mean is estimated based on a sample's mean and its size.

Question

Quizplus · Accepted Answer

This statement is true. In parameter estimation, the goal is to estimate an unknown parameter of a population based on information obtained from a sample. The sample mean, along with its size, can be used to make an estimate of the population mean using statistical inference methods.

In Parameter Estimation,a Value Such as the Population Mean Is