Answer to Question #250752 in Statistics and Probability for Millicent

Question

The value of a single sample statistic, which is used to represent the true, but unknown value of a population parameter, is known as a ______. Select one:

a. standard error

b. confidence interval estimate

c. proportion

d. point estimate

Answer 1

Answer: d

Point estimate which is defined as a single value that is given as an estimate of a population parameter