When it comes to estimating population parameters from sample statistics, how does the degree of freedom relate to the reliability (or uncertainty) of our calculation? For instance, what would happen to our estimate in relation to the true parameter if we used too many or too few degrees of freedom?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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When it comes to estimating population parameters from sample statistics, how does the degree of freedom relate to the reliability (or uncertainty) of our calculation? For instance, what would happen to our estimate in relation to the true parameter if we used too many or too few degrees of freedom? 

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