SGMAK Associates : Point Estimate and Interval Estimate
SGMAK Associates provides free online tutorials, courses : Point Estimate and Interval Estimate - after rectifications
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Revisit the example of estimating the average annual income of a family in the state of Michigan. Based on a sample of size 300 the average family income estimate is $50000.
This statistic is defined as a point estimate of the parameter. We know that another random sample of 300 families will generate a different estimate
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Quadratic Equations Part - 1 :: SGMAK Associates provides free video tutorials, courses
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SGMAK Associates : Point Estimate and Interval Estimate