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ptS What is the difference between an estimator and an estimate? O Both an estim

ID: 1162836 • Letter: P

Question

ptS What is the difference between an estimator and an estimate? O Both an estimator and an estimate are numerical values computed using data from a specific sample. o An estimator is a function of a sample of data to be drawn randomly from a population whereas an estimate is the numerical value of the estimator when it is actually computed using data from a specific sample. O An estimate is a function of a sample of data to be drawn randomly from a population whereas an estimator is the numerical value of the estimator when it is actually computed using data from a specific sample. Both an estimator and an estimate are functions of a sample of data to be drawn randomly from a population. O

Explanation / Answer

Ans:--
D).Both estimator and an estimate are functions of a sample of data to be drawn randomly from a population.

An estimator is a function of a sample of data to be drawn randomly from a population whereas an estimate is the numerical value of the estimator when it is actually computed using data from a specific sample.
An estimator is a formula that is used to estimate a population parameter. A specific value of the estimator is called estimate.