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In point estimation, Select one: O a. data from the sample is used to estimate the population parameter O b. the mean of the

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Answer #1

In point estimation,

  • a. data from the sample is used to estimate the population parameter

In statistics, point estimation involves the use of sample data to calculate a single value (known as a point estimate since it identifies a point in some parameter space) which is to serve as a "best guess" or "best estimate" of an unknown population parameter (for example, the population mean).

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