Multiple Choice
Why is a point estimate alone insufficient for providing a probabilistic estimate of a parameter?
A) Because a point estimate only estimates the parameter, it will never provide us with its value.
B) Although the point estimate provides a good guess for the parameter, it is a single value and, for a continuous variable, the probability the parameter equals this single value is 0.
C) The calculation of the point estimate is too fraught with uncertainty to provide an accurate probability estimate.
D) A point estimate is too static to accurately estimate a dynamic parameter.
Correct Answer:

Verified
Correct Answer:
Verified
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