Which statement is true? Point estimates are used to make inferences about population parameters. When we use the population mea
n and proportion to summarize information about the entire population, we call them point estimates. The population mean and proportion are always equal to their corresponding point estimates. The sample mean and sample proportion of a population are called population parameters. NextReset
Answer: Point estimates are used to make inferences about population parameters.
Step-by-step explanation:
The population parameter is a numerical value that represents the population. It is obtained from a statistic which is calculated from a randomly selected sample of the given population.
Point estimation is the technique of finding an approximate value of some parameter such as the population mean from random samples of the population.
Hence, the right statement is "<em>Point estimates are used to make inferences about population parameters</em>".
