49. Estimation is a procedure by which we assign a numerical value or numerical

Question

49. Estimation is a procedure by which we assign a numerical value or numerical values to the A) B) C) D) population parameter based on the information collected from a sample sample statistic based on the information collected from a sample population parameter based on the information collected from a population sample statistic based on the information collected from a population 50. The sample statistic used to estimate a population parameter is a(n) A) random variable B) qualitative variable C) estimator D) parameter 51. The single value of a sample statistic that we assign to the population parameter is a: A) single estimate B) unique estimate C) point estimate D) singular estimate

Explanation / Answer

49. estimation refers to the process by which one makes inferences about a population, based on information obtained from a sample.

Answer is A

50. An estimator is a statistic that estimates some fact about the population.

Answer is C

51. Point estimate is the single value of a sample statistic that we assign to the population parameter

Answer is C

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