Asked by
Arely Chairez
on Oct 29, 2024
Verified
The two most commonly used types of estimates in statistics are ________.
A) cluster intervals and standard estimates
B) unbiased estimator and standard distribution
C) point estimates and confidence intervals
D) sampling estimates and central limit interval
Confidence Intervals
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.
Point Estimates
Statistical measures that provide the best single estimation of an unknown population parameter.
Unbiased Estimator
A statistic used to estimate a parameter that is expected to equal the true parameter of the population.
- Acquire knowledge about the notion of a point estimate and its function within statistical inference.
- Distinguish between point estimates and confidence intervals and understand their applications.
Verified Answer
CV
Learning Objectives
- Acquire knowledge about the notion of a point estimate and its function within statistical inference.
- Distinguish between point estimates and confidence intervals and understand their applications.