A Point Estimate Is a Single Number That Is Used

question 142

True/False

A point estimate is a single number that is used as an estimate of a population parameter or population characteristic. It is usually derived from a random sample from the population of interest.

---

Definitions:

Articles Of Organization

The document filed with a state authority to legally establish a limited liability company (LLC).

Business Run

An operation or series of operations involving the production, distribution, and sale of goods or services by a business.

Partnership Business

A form of business operation where two or more individuals share ownership, profits, and liabilities.

Audit Services

Professional services that review and verify the accuracy of financial records and statements of a corporation or organization to ensure truthfulness and compliance with accounting standards.