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Point Estimation - Key takeaways. Point estimation is the use of statistics taken from one or several samples to estimate the value of an unknown parameter of a population. Two

Example: Find the mean of 9, 6, -3, 2, -7, 1. Add all the numbers first: Total: 9+6+(-3)+2+(-7)+1 = 9+6-3+2-7+1 = 8. Now divide the total from 6, to get the mean. Mean = 8/6 = 1.33. Mean