The Absolute Value of the Difference Between the Point Estimate

question 6

Multiple Choice

The absolute value of the difference between the point estimate and the population parameter it estimates is the _____ error.

• A) standard
• B) sampling
• C) efficient
• D) finite

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Definitions:

Constitute

To compose or form something, often used in a legal or formal context to indicate the components that make up a whole.

Probabilities

Measures the likelihood of an event occurring, ranging from 0 to 1.

Mutually Exclusive

Describes events that cannot occur at the same time.

Possible Outcomes

All the potential results that may occur from a specific action, experiment, or situation.