A Single Numerical Value Used as an Estimate of a Population

question 53

Multiple Choice

A single numerical value used as an estimate of a population parameter is known as

• A)a parameter
• B)a population parameter
• C)a mean estimator
• D)a point estimate

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Definitions:

Control System

Mechanisms or procedures implemented to guide activities towards achieving organizational objectives, often through monitoring and feedback.

Objectives

Specific, measurable targets a person or organization plans to achieve within a defined timeframe to fulfill broader goals.

Cause-And-Effect Analysis

A method used to identify the underlying causes of a problem or event by examining the relationship between actions and outcomes.

Fishbone Diagram

A visual tool used for identifying and organizing the potential causes of a problem in a structured format, often resembling the shape of a fish skeleton.