Examlex
Which of the following is a leading indicator for economic growth?
Point Estimate
A single value given as the best guess or estimate of a population parameter based on sample data.
Interval Estimate
An interval estimate is a range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.
Population Parameter
A numerical value summarizing the entire population that can often be estimated by a statistic derived from a sample.
Margin of Error
The maximum expected difference between the true population parameter and a sample estimate of that parameter.
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