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# Points estimation

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Point estimation with beers

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### Points estimation

1. 1. Marvin Froeder
2. 2.  Use samples to best guess “In statistics, point estimation involves the use of sample data to calculate a single value (known as a statistic) which is to serve as a "best guess" or "best estimate" of an unknown (fixed or random) population parameter.”
3. 3. TASK: WE CONVEY:  Drink one can  One can = 2 point
4. 4. TASK: ESTIMATETO  Drink 3 cans  3 cans = 6 points
5. 5. TASK: ESTIMATETO  Drink 12 cans  Twelve cans = 24 points
6. 6. TASK: ESTIMATETO  Drink THE can  The can = 30 points
7. 7. TASK: MORE OR LESSWORKTHEN A CAN?  Drink a juice  One juice = 1 point
8. 8. TASK: MORE OR LESSWORKTHEN A CAN?  Drink 2 shots  2 shots = 2 points