The population parameter value and the point estimate differ because a sample is not a census of the entire population, but it is being used to develop the
A)population parameter.
B)point estimate.
C)population mean.
D)standard error.

Question

Quizplus · Accepted Answer

A sample is a subset of the population, so it is not representative of the entire population. Thus, the point estimate obtained from the sample will differ from the true population parameter value. The point estimate is a single value that is used to estimate the population parameter.

The Population Parameter Value and the Point Estimate Differ Because