A Single Number Computed from a Sample That Serves as a Guess

question 20

Multiple Choice

A single number computed from a sample that serves as a guess for a parameter is called a(n) :

• A) point estimate.
• B) approximate estimate.
• C) confidence estimate.
• D) confidence interval.

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Definitions:

Moral Imperative

A duty or obligation guided by ethical considerations and principles, compelling an individual or society to act in a certain manner.

Altruism

The practice of selfless concern for the well-being of others.

Empirical Research

The process of collecting and analyzing data through observation or experiment to validate hypotheses or understand phenomena.

Applied Theory

Refers to the use of theories in practical, real-world situations to solve problems or inform practices.