16. A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50. Fifty is a sample parameter O point estimator point estimate population parameter

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
**Question 16 Explanation**:

A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50. Fifty is a _____.

**Options**:

- sample parameter
- point estimator
- point estimate (selected)
- population parameter

**Correct Answer**: The highlighted option indicates that fifty is a "point estimate."

**Understanding the Concept**:

In statistics, when we use a sample to infer information about a population, the sample mean (such as 50 in this case) is a point estimate of the population mean. A point estimate provides a single value as an estimate of the population parameter.
Transcribed Image Text:**Question 16 Explanation**: A simple random sample of 28 observations was taken from a large population. The sample mean equaled 50. Fifty is a _____. **Options**: - sample parameter - point estimator - point estimate (selected) - population parameter **Correct Answer**: The highlighted option indicates that fifty is a "point estimate." **Understanding the Concept**: In statistics, when we use a sample to infer information about a population, the sample mean (such as 50 in this case) is a point estimate of the population mean. A point estimate provides a single value as an estimate of the population parameter.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman