The absolute value of the difference between the point estimate and the population parameter it estimates is the
A) standard error.
B) sampling error.
C) efficient error.
D) finite error.

Question

Quizplus · Accepted Answer

The absolute value of the difference between the point estimate and the population parameter it estimates is the sampling error, which measures the amount of error that arises from using a sample instead of the entire population. The standard error refers to the variability of the sampling distribution and is a measure of the precision of the estimate. The terms efficient error and finite error are not commonly used in statistics.

The Absolute Value of the Difference Between the Point Estimate