Estimator and estimate

Question

22 Aug 2022

Answer :

Word Count : 439

In statistics, an estimator is a rule or formula used to estimate a population parameter, such as the mean, variance, or proportion. An estimate, on the other hand, is a numerical value that is computed from a sample using an estimator.

In simple terms, an estimator is a method of making a guess about a population parameter based on sample data, while an estimate is the actual guess that results from using the estimator. For example, the sample mean is an estimator of the population mean, and ______ __________ _________ _______ _____ ___ ______ ______ ___ ____ ______ _________.
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