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
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
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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.
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