sample mean(x_bar) is estimator of the population mean and not "estimate"
In the video "Estimators and estimates", @1:00 it is said "sample mean(x_bar) is estimate of the population mean ".
Shouldn't it be "sample mean(x_bar) is estimator of the population mean and not "estimate" " ?
If not , could you please give the reason for the same?
1 answers ( 0 marked as helpful)
Hi there, the sample mean itself is the estimator (i.e. the concept of the sample mean), but the value of the sample mean is the estimator