“The car will probably cost about $16,000” sounds like a

“The car will probably cost about $16,000” sounds like a Options: (a) Point estimate (b) Interval estimate (c) Both (d) None ✅ Correct Option: (a) Point estimate Explanation (200+ words): A point estimate provides a single numerical value used to estimate a population parameter. “About $16,000” is one value, not a range. 10 PPSC-Related Facts: 1. Point estimate = single value 2. Based on sample data 3. Less informative than interval 4. Simple estimate 5. Used in prediction 6. Common in everyday language 7. Used in statistics 8. Basis for intervals 9. Has sampling error 10. Exam-tested definition