2013 | OriginalPaper | Chapter

# 7. Point Estimation Theory

## Abstract

_{1},…,X

_{ n }be iid. The estimation concepts we will examine in this chapter can be applied to the case of general random sampling, as well as simple random sampling and random sampling with replacement, i.e., all of the random sampling types discussed in Chapter 6. The objective of point estimation will be to utilize functions of the random sample outcome to generate good (in some sense) estimates of the unknown characteristics of interest.