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 93 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
Gracias!

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

One of the many functions of religion is providing emotional support. This photo was taken in ... One of the many functions of religion is providing emotional support. This photo was taken in ...
The leaky-barrel model: a settling-point model of eating and body weight homeostasis. The leaky-barrel model: a settling-point model of eating and body weight homeostasis.
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Set-Point Theory Set-Point Theory
Calculate the distance from point R(17,5) to the line ... Round to the nearest tenth of a Calculate the distance from point R(17,5) to the line ... Round to the nearest tenth of a
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library