Answer to Question #219047 in Statistics and Probability for stan

Question

Why do you think any serious researcher would use the sample mean to estimate for the population parameter at all times?

Answer 1

Solution:

Any serious researcher would use the sample mean to estimate for the population parameter at all times because samples are manageable in size, we can determine the actual value of any statistic. We use the known value of the sample statistic to learn about the unknown value of the population parameter.