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Point Estimate

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Point Estimate - definition(s)

Point Estimate - a statistic, a single number, calculated from a sample. In the absence of a more or better data, a point estimate is the best available estimate for a parameter.

[Category=Quality ]

Source: The Quality Portal, 17 April 2011 11:40:00, http://thequalityportal.com/glossary/l.htm External 

 

 

 


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