How Are the Numbers for the Numbers Game Derived

question 10

Multiple Choice

How are the numbers for the numbers game derived?

• A) From an unpredictable financial figure that is published daily in the newspaper.
• B) From the State gambling authority.
• C) From the head of the local organized crime organization.
• D) Through a complex mathematical formula.

---

Definitions:

Point Estimate

A single value estimate of a population parameter that serves as the best guess or prediction of the parameter.

Confidence Limits

Confidence limits define the range within which a population parameter is estimated to lie with a certain level of confidence.

Standard Error

A measure of the dispersion or spread of sample means around the population mean.

Confidence Interval

A range of values, derived from a data set, that is likely to contain the value of an unknown population parameter.