# Point Estimates in Accounting

How can I use an example of point estimate in the business accounting sense?

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Point Estimate

I know that the point estimate is the statistic, computed from sample information, which is used to estmate the population parameter. My question is:

How can I use an example of point estimate in the business accounting sense? I can't think of any examples on how this can be used in the accounting world.

Solution:

A point estimate of some population parameter θ is a single numerical value of of a statistic. Many estimates in ...

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This solution describes the use of point estimate.

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