PRC-2 · Chapter 12 · Question 13 of 55
In statistics, what is the core meaning of a 'Point Estimate'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) A single numerical value calculated from sample data used to estimate an unknown population parameter.
Explanation
Unlike a confidence interval which provides a range, a point estimate is one specific, single number (like a sample mean) used as the best guess for the true population mean.
More Probability Distributions MCQs
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