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point estimate

British  

noun

  1. statistics a specific value assigned to a parameter of a population on the basis of sampling statistics Compare interval estimate

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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The sample mean, x¯ , is the point estimate of the unknown population mean, μ.

From Textbooks • Mar. 27, 2020

We concluded that with a given level of probability, the range from which the point estimate comes is smaller as the sample size, n, increases.

From Textbooks • Nov. 29, 2017

If the sample size were larger than 30, we could simply substitute the point estimate for σ, the sample standard deviation, s, and use the student's t distribution to correct for this lack of information.

From Textbooks • Nov. 29, 2017

In this case, you would have obtained a point estimate for the true proportion the parameter p in the binomial probability density function.

From Textbooks • Nov. 29, 2017

We can invoke this to substitute the point estimate for the standard deviation if the sample size is large "enough".

From Textbooks • Nov. 29, 2017

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