| Point Estimator | The sample statistic used to estimate a population parameter (e.g., x estimates μ) |
| Point Estimate | The specific numerical value of the statistic from a particular sample (e.g., x = 2.3) |
| Unbiased Estimator | A statistic whose sampling distribution is centered at the true parameter — on average, it equals the parameter |
| Biased Estimator | A statistic whose sampling distribution is not centered at the true parameter — it systematically over- or under-estimates |
| Sampling Variability | The natural variation in a statistic from sample to sample; can be modeled using probability |
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