Asked by
jorge sanders pereira
on Nov 26, 2024
Verified
The error of estimation is the distance between an estimate and the estimated parameter.
Error of Estimation
The difference between an estimated value and the true value, often used in statistics to assess the accuracy of estimations.
Estimated Parameter
In statistics, a value derived from a sample that estimates a population parameter.
Estimate
An approximation or prediction of a value based on sample data.
- Comprehend and pinpoint the margin of error within the context of estimation.
- Discern between the concepts of point estimates and interval estimates.
Verified Answer
TP
Learning Objectives
- Comprehend and pinpoint the margin of error within the context of estimation.
- Discern between the concepts of point estimates and interval estimates.