The point estimate obtained from a sample of which of the following sizes would most likely be closest to the actual parameter value? 15, 45, 150, 75

The point estimate obtained from a sample of which of the following sizes would most likely be closest to the actual parameter value is 150.

It is said that the higher the point estimate, the better. I think this deals with the confidence level of the sample derived from the population. The higher the confidence level, the closer the point estimate is to the actual parameter value.

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joaobezerra joaobezerra · Answer 2 · 2022-02-14T14:40:56+01:00

Due to the higher sample size, the point estimate obtained from a sample of 150 would most likely be closest to the actual parameter value.

What is the point estimate of a parameter?

The point estimate is the value of a parameter, be it the mean or the standard deviation, in the sample, and this estimate is expanded to the entire population to calculate a confidence interval.

The higher the sample size, the more precise is the estimate. In this problem, the option with the higher sample size is 150, hence a sample of 150 would most likely be closest to the actual parameter value.

You can learn more about point estimates at https://brainly.com/question/24651197