Cold War

MGT 218 : Statistics questions for chapter 7 : Sample Distributions Chapter 8 : Estimation , Point Estimate and Internal Estimate Explaining Important Most Important 1) Theory : a) Estimation : The assignment of value(s) to a population parameter based on a value of the corresponding sample statistics is called estimation. b) Estimate and Estimator : The value(s) assigned to a population parameter based on the value of a sample statistics is called an estimate. The sample statistic used to estimate a population parameter is called an estimator. c) Point estimate : the value of a sample statistic that is used to estimate a population parameter is called a point estimate.