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Imagine you were driving westward on a road in a wooded area.If ferns were growing in the area, which side of the road would they most likely be growing, and why wouldn't they be growing as well on the other side?
Point Estimate
A single value estimate used to approximate a population parameter, derived from sample data.
Margin of Error
A statistic expressing the amount of random sampling error in a survey's results, which represents the extent to which the survey results might differ from the true population values.
Finite Population
A population with a limited number of elements or units, making it possible to enumerate all members of the population.
Sample
A subset selected from a larger population for the purpose of investigation or analysis.
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