Choose the one alternative that best completes the statement or answers the question.
-A point estimate is the value of a_____ that estimates the value of a_____
A) statistic; parameter
B) parameter; statistic
C) random variable; statistic
D) random variable; parameter

Question

Quizplus · Accepted Answer

A point estimate is the value of a statistic (such as a sample mean) that is used to estimate the value of a parameter (such as a population mean).

Choose the One Alternative That Best Completes the Statement or Answers