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Counting How Many People Use the Drive-In Window at a Bank

question 31

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Counting how many people use the drive-in window at a bank during certain hours is a good example of what type of observational research?


Definitions:

Error of Estimation

The difference between an estimated value and the true value, often used in statistics to assess the accuracy of estimations.

Estimated Parameter

In statistics, a value derived from a sample that estimates a population parameter.

Estimate

An approximation or prediction of a value based on sample data.

Interval Estimate

An interval of values, taken from data sampling, expected to capture the value of a not-yet-known population measure.

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