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A Point Estimate Is a Function of the Random Sample

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A point estimate is a function of the random sample used to make inferences about the value of an unknown population parameter.A point estimator reflects the actual value of the point estimate derived from a given sample.


Definitions:

Significance Level

A threshold within a statistical test that defines the probability of rejecting the null hypothesis when it is actually true, often denoted as alpha (α).

Religious Service

A formalized period of communal worship conducted by a religious organization according to its traditions.

Significance Level

The threshold below which a p-value is considered statistically significant, often set at 0.05 or 5%.

CBC News

A division of the Canadian Broadcasting Corporation responsible for the news broadcasting.

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