A Point Estimate Is a Single Numeric Value,a "Best Guess

question 55

True/False

A point estimate is a single numeric value,a "best guess" of a population parameter,calculated from the sample data.

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Definitions:

Administrative Agencies

Administrative agencies are government bodies responsible for the oversight and administration of specific functions, such as regulation and enforcement of laws within their specialization.

Enforcing Regulations

The process of ensuring compliance with laws, rules, or guidelines established by governmental or regulatory bodies.

Administrative Procedure Act

A U.S. federal statute that governs the way administrative agencies of the federal government may propose and establish regulations.

Federal Agencies

Government bodies established by Congress to implement and administer federal laws and policies.