If a store manager has recently stated that she estimates the mean amount spent per customer per visit to be between $38.75 and $72.23, the numbers $38.75 and $72.23 are considered point estimates for the true population mean.

Question

Quizplus · Accepted Answer

Point estimates are single values that are used to estimate a population parameter. Therefore, a range of values cannot be considered a point estimate.

If a Store Manager Has Recently Stated That She Estimates