What is the use of the Point Estimate in state?

Hello everyone! My assignment is due next monday and I haven't got a clue how to solve it. The question is about the Point Estimate.
Add a comment

5 replies

" The value of a sample statistic that is used to estimate a population parameter is called a point estimate."
Add a comment
"Throughout studies, place estimation requires the usage of test files for you to assess 1 economic value (referred to as a statistic) which is to be the ""better think"" or perhaps ""better calculate"" of an unidentified (preset or perhaps hit-or-miss) people parameter. "
Add a comment