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Concept Version 8
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Estimating the Target Parameter: Point Estimation

Simple random sampling of a population

Simple random sampling of a population

We use point estimators, such as the sample mean, to estimate or guess information about the data from a population. This image visually represents the process of selecting random number-assigned members of a larger group of people to represent that larger group.

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    https://commons.wikimedia.org/wiki/File:Simple_random_sampling.PNG Wikimedia CC BY-SA 4.0.

Related Terms

  • point estimate
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