Question

Match the following terms to the correct key words. 1. standard deviation 2. mean 3. subset of population 4. likelihood

point estimate sample data interval estimate probability

Answer 1

1. Interval estimate
2. Point estimate
3. Sample data
4. Probability

Answer 2

The correct matches are as follows:

1. standard deviation - interval estimate( Interval estimation is used to define a range of values that contains the population parameter.)

2. mean - point estimate (A point estimate or mean is a single value of a population parameter.)

3. subset of population - sample data (A sample is a subset from a large population that are chosen for any survey and this subset represents the whole population.)

4. likelihood - probability (The likelihood or probability of something to happen. Both words have the same meaning.)