How can I use an example of point estimate in the business accounting sense?© BrainMass Inc. brainmass.com June 3, 2020, 10:15 pm ad1c9bdddf
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.
A point estimate of some population parameter θ is a single numerical value of of a statistic. Many estimates in ...
This solution describes the use of point estimate.