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 88 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

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

The Method for Determining the Two-Point Discrimination Threshold The Method for Determining the Two-Point Discrimination Threshold
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
Fibromyalgia tender point sites. Fibromyalgia tender point sites.
Common trigger point locations, anterior and posterior. Common trigger point locations, anterior and posterior.
Four-point scale for grading edema Four-point scale for grading edema
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library