A point estimate is equally likely to be higher or lower than the population mean if the sampling is done using a statistical sampling procedure.

Question

Quizplus · Accepted Answer

A point estimate, derived from a sample using a statistical sampling procedure, is an unbiased estimator of the population mean, implying it is equally likely to be higher or lower than the actual population mean due to the randomness of sampling.

A Point Estimate Is Equally Likely to Be Higher or Lower