Asked by
Piyush Nahar
on Nov 26, 2024Verified
The maximum distance between an estimator and the true value of a parameter is called the margin of error.
Estimator
A rule or formula that provides an estimate of a population parameter based on sample data.
True Value
True value refers to the actual value of a parameter or statistic in the population, which statistical estimates aim to approximate.
- Understand and identify the margin of error in estimation context.
Verified Answer
JM
Learning Objectives
- Understand and identify the margin of error in estimation context.
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