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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.
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melanycox
" The value of a sample statistic that is used to estimate a population parameter is called a point estimate."
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ramaesh
"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. "
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