This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter? (Read 11 times)

haydenjmcm

  • Full Member
  • ***
  • Posts: 161
on: Feb 26, 2023
Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter?

◦

Because a point estimate only estimates the parameter, it will never provide us with its value.


◦

Although the point estimate provides a good guess for the parameter, it is a single value and, for a continuous variable, the probability the parameter equals this single value is 0.


◦

The calculation of the point estimate is too fraught with uncertainty to provide an accurate probability estimate.


◦

A point estimate is too static to accurately estimate a dynamic parameter.

Introductory Statistics: A Problem-Solving Approach ¦ Kokoska ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by haydenjmcm on Feb 26, 2023

msgero

  • Full Member
  • ***
  • Posts: 155
Reply #1 on: Feb 26, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


haydenjmcm

  • Member
  • Posts: 161
Reply 2 on: Feb 26, 2023
Thanks for the timely response, appreciate it

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
Two-Point Threshold Device for Measuring Touch Acuity Two-Point Threshold Device for Measuring Touch Acuity
Digital recording devices can be helpful when providing patient education to visually impaired ... Digital recording devices can be helpful when providing patient education to visually impaired ...
Surgical needle shapes: (A) taper point; (B) cutting point. Surgical needle shapes: (A) taper point; (B) cutting point.
How to find the point of intersection of two straight lines by graphing How to find the point of intersection of two straight lines by graphing
How to find the equation of a line that is parallel to a line passing through a point How to find the equation of a line that is parallel to a line passing through a point
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library