Learning Statistics: Concepts and Applications in R
Point Estimates and Standard Error
S1 • E9
Take your understanding of descriptive techniques to the next level, as you begin your study of statistical inference, learning how to extract information from sample data. In this lecture, focus on the point estimate—a single number that provides a sensible value for a given parameter. Consider how to obtain an unbiased estimator, and discover how to calculate the standard error for this estimate.