In statistics, some extent estimate is a single worth that’s used to estimate the worth of a inhabitants parameter. Level estimates will be calculated utilizing quite a lot of strategies, together with pattern imply, pattern median, and pattern proportion.
Level estimates are vital as a result of they supply a solution to make inferences in regards to the inhabitants from which the pattern was drawn. For instance, a pattern imply can be utilized to estimate the inhabitants imply, and a pattern proportion can be utilized to estimate the inhabitants proportion.
