=+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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Related Book For
Applied Statistics For Engineers And Scientists
ISBN: 9781133111368
3rd Edition
Authors: Jay L. Devore, Nicholas R. Farnum, Jimmy A. Doi
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