The standard deviation of a point estimator is the <u>standard error.</u>
"The point estimate is used to estimate the exact value of any parameter. For example, an internet poll says that 45% of Americans are concerned for the environment."
"Point estimates is a good measure but the problem with this parameter is that the sample of the statistics may vary so that there is a chance of sampling error."
"As the researcher is unable to presume that closeness of the sample statistics parameter with respect to the parameter so researcher refers to calculate the standard error instead of point estimate."
The probability that the sum of the dice is 7 is 1/2 because there are only three combinations that result in the sum of 7: (1,6)(2,5) and (3,4). But there are 6 possible outcomes( this is if you don’t add reverse combinations such as 1,6 and 6,1) so the probability would be 3/6 or 1/2
