When Deciding to Take a Sample from a Population, the Amount

question 98

True/False

When deciding to take a sample from a population, the amount of time required to take the sample is not important.

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Definitions:

Sample Statistic

A numerical measure that describes an aspect of a sample.

Population Parameter

A numerical value summarizing a characteristic of an entire population.

Point Estimate

A single value given as an estimate of a population parameter, derived from sample data.

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as its mean or standard deviation.