thecoral

What is the main difference between the Estimate and Estimator.

Hi! Please help me I am stuck with this, tell me about the Estimate and Estimator.
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scrooge
" The value(s) assigned to a population parameter based on the value of a sample statistic is called an estimate. The sample statistic used to estimate a population param-eter is called an estimator."
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jaaam
"Inwards data, an estimator is a ruler regarding computing a bid of your presumption variety depending on ascertained information: hence your principle and its consequence (the particular appraisal) usually are recognized."
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