Question

In point estimation a. data from the population is used to estimate the population parameter b. data from the sample is used to estimate the population parameter c. data from the sample is used to estimate the sample statistic d. the mean of the population equals the mean of the sample

Answer 1

Answer:

Option B) data from the sample is used to estimate the population parameter                  

Step-by-step explanation:

Point estimation:

• Its is the process of getting a point estimate from a sample that describes a population parameter in the best way.
• We calculate the unknown population parameter with the help of a sample drawn from the population.
• It is similar to interval estimation.
• In interval estimation we obtain an interval in which the population parameter may lie but in point estimation we obtain a single value which is the best approximation of population parameter.

Thus, the correct answer is

Option B) data from the sample is used to estimate the population parameter