| High School
- Point and Interval Estimation
- Overview of Point Estimation When a parameter
is being estimated, the estimate can be either
a single number or it can be a range of scores.
When the estimate is a single number, the estimate
is called a "point estimate"; when
the estimate is a range of scores, the estimate
is called an interval estimate. Confidence intervals
are used for interval estimates.
- Point
Estimation
Point estimation refers
to the process of estimating a parameter from
a probability distribution, based on observed
data from the distribution. It is one of the
core topics in mathematical statistics. In this
chapter, we will explore the most common methods
of point estimation: the method of moments, the
method of maximum likelihood, and Bayes' estimators.
We also study important properties of estimators,
including sufficiency and completeness, and the
basic question of whether an estimator is the
best possible one.
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