A Point Estimate Is Defined As

question 40

Multiple Choice

A point estimate is defined as:

• A) the average of the sample values
• B) the average of the population values
• C) a single value that is the best estimate of an unknown population parameter
• D) a single value that is the best estimate of an unknown sample statistic
• E) a single value that is the best estimate of the upper range of a population parameter

---

Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, considering the time value of money.

Hiring Capital

The resources, often financial, that an organization allocates to the process of recruiting and acquiring new employees or talent.

Future Profits

Expected gain in financial terms that a business anticipates receiving over a forthcoming period, based on current strategies, market conditions, and operations.

Hiring Labor

The process of finding, evaluating, and employing individuals to work for a business or organization.