A Point Estimate ________

question 67

Multiple Choice

A point estimate ________.

• A)has a known measurement error
• B)can be found by dividing the population parameter by the sample size
• C)accurately estimates the population parameter
• D)is a sample-based estimate of a population parameter

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Definitions:

Food Expenditures

The amount of money spent on food by individuals, households, or countries.

Nation

A large group of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Total Employment

The total number of people employed in an economy at a given time, including both full-time and part-time workers.

Absolute Number

A value expressed without comparisons, adjustments, or relations, representing a distinct, precise figure.