Understanding Point Estimation in Statistics: Key Concepts and Examples - 7D
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YouTubeProfessor McLeod
Understanding Point Estimation in Statistics: Key Concepts and Examples - 7D
In this video, we dive into the concept of point estimation in statistics, a method used to estimate population parameters based on sample data. We'll explain what point estimation is, how it works, and how sample statistics like the mean, standard deviation, and proportion serve as point estimators for population values. Using clear examples ...
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