The Major Problem with Point Estimation Is That It

question 40

Multiple Choice

The major problem with point estimation is that it

• A)cannot be utilized to estimate population parameters.
• B)cannot be utilized with sample data.
• C)is extremely vulnerable to sampling error.
• D)provides only a single point in its estimate.

---

Definitions:

Independent Variable

The variable in an experiment or study that is manipulated to observe its effect on the dependent variable.

Dependent Variable

The variable in an experiment or study that is expected to change as a result of variations in the independent variable.

Regression Analysis

A comprehensive statistical approach for modeling the relationship between a dependent variable and one or more independent variables, encompassing various techniques for analyzing and interpreting multiple data variables.

Residual Analysis

Residual analysis involves examining the residuals of a model (the differences between observed and predicted values) to assess the model's accuracy and assumptions.