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Briefly explain the meaning of an estimator and an estimate. A) An estimator is

ID: 3174623 • Letter: B

Question

Briefly explain the meaning of an estimator and an estimate.

A) An estimator is a sample statistic used to estimate a population parameter, while an estimate is the value(s) assigned to a population parameter based on the value of a sample statistic.

B) An estimator is the value of a sample statistic used to estimate a population parameter, while an estimate is an interval where one is confident to a certain percent that the value of interest is in the interval.

C) An estimator is the value(s) assigned to a population parameter based on the value of a sample statistic, while an estimate is a sample statistic used to estimate a population parameter.

D) An estimator is an interval where one is confident to a certain percent that the value of interest is in the interval, while an estimate is the value of a sample statistic used to estimate a population parameter.

E) An estimator is a prediction of the mean based on the population, while an estimate is a prediction of the mean based on a sample.

Explanation / Answer

D) An estimator is an interval where one is confident to a certain percent that the value of interest is in the interval, while an estimate is the value of a sample statistic used to estimate a population parameter.

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