Question: (d) Explain why the point estimate found in part (c) is a statistic. Explain why it is a random variable. What is the source of
(d) Explain why the point estimate found in part (c) is a statistic. Explain why it is a random variable. What is the source of variability in the random variable? Why is the point estimate found in part (c) a statistic? A. The sample size is large. B. It is being used to make inferences. C. Its value may change depending on the individuals in the survey. D. Its value is based on a specific sample. E. All pieces of information obtained from surveys are statistics
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