The Point Estimate May Not Equal the True Population Mean

question 28

True/False

The point estimate may not equal the true population mean because of the presence of sampling error.

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Definitions:

Additional Research

The process of seeking out more information or evidence beyond what is initially available to deepen understanding or resolve uncertainties.

Cognitive Heuristics

Human decision-making shortcuts people rely on to expedite their judgments about what to believe or what to do.

Self-Regulation

A process in which one monitors one's cognitive activities, the elements used in those activities, and the results educed, particularly by applying skills in analysis, and evaluation to one's own inferential judgments with a view toward questioning, confirming, validating, or correcting either one's reasoning or one's results.

False Positives

Instances in which a test incorrectly indicates the presence of a condition or attribute.