=+A point estimate, because it is a single number, by itself provides no information about the precision

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=+A point estimate, because it is a single number, by itself provides no information about the precision and reliability of estimation. Consider, for example, using the statistic x to calculate a point estimate for the true average breaking strength (g) of paper towels of a certain brand, and suppose that x 5 9322.7. Because of sampling variability, it is

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Applied Statistics For Engineers And Scientists

ISBN: 9781133111368

3rd Edition

Authors: Jay L. Devore, Nicholas R. Farnum, Jimmy A. Doi

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