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Figure 1.2
Using the figure above, identify the labeled part.
-Label Q: ______________________________
Point Estimate
A single value or statistic that is used to estimate the value of a population parameter.
Population Proportions
The fraction or percentage of a population that exhibits a specific characteristic or attribute.
Standard Error
The standard deviation of the sampling distribution of a statistic, providing a measure of the precision of the estimated population parameter.
Interval Estimate
An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, often expressed with a level of confidence.
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