Why Is a Point Estimate Alone Insufficient for Providing a Probabilistic

question 34

Multiple Choice

Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter?

• A) Because a point estimate only estimates the parameter, it will never provide us with its value.
• B) Although the point estimate provides a good guess for the parameter, it is a single value and, for a continuous variable, the probability the parameter equals this single value is 0.
• C) The calculation of the point estimate is too fraught with uncertainty to provide an accurate probability estimate.
• D) A point estimate is too static to accurately estimate a dynamic parameter.

---

Definitions:

Needs

Fundamental requirements or desires that individuals seek to fulfill, such as basic physiological needs, safety, love, and self-actualization.

Objects

Physical items that occupy space and can be perceived by the senses.

Vocabulary Increases

the process of acquiring more words and expanding one's knowledge of word meanings, often associated with reading and education.

16 And 24 Months

A specific age range in early childhood development, notable for significant milestones in motor skills, language acquisition, and social interaction.