What is the first step in estimating the population value for an average?
A)Calculate the standard error of the average.
B)Calculate the standard deviation of the metric variable.
C)Calculate the average of the metric variable.
D)Find the limit.
E)Find the upper and lower boundaries.

Question

Quizplus · Accepted Answer

The first step in estimating the population value for an average is to calculate the average of the metric variable. This is because the sample mean is an unbiased estimator of the population mean, and provides a starting point for further calculations such as determining the standard error and confidence intervals for the estimate.

What Is the First Step in Estimating the Population Value