What Is Estimation

question 10

Multiple Choice

What is estimation?

• A)determines values for an unknown continuous variable behavior or estimated future value
• B)determines which things go together
• C)segments a heterogeneous population of more homogeneous subgroups
• D)assigns records to one of a predefined set of classes

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Definitions:

Population

Refers to the total number of people living in a specific area at a given time.

Survey

A research method involving the collection of data from a predefined group of respondents to gain information and insights on various topics of interest.

Statistical Method

A mathematical and quantitative technique used for collecting, analyzing, interpreting, and presenting data.

Open-ended Questions

Questions designed to allow respondents to answer in their own words, providing deeper insights or additional information.