Statistical estimation, Mathematics

Assignment Help:

Statistical estimation

This is the procedure of using statistic to estimate a population parameter

This is divided into point estimation whereas an estimate of a population parameter is described by a single number and interval estimation whereas an estimate of a population is described by a range whether the parameter may be considered to lie for illustration, a bus meant to take a class of 100 students as population N for trip has a limit to the maximum weight of 600 kilogram (kg) of which it can carry, the teacher realizes he has to determine the weight of the class but without sufficient time to weigh everyone he picks 25 students selected at random as like sample n = 25.  These students are weighed and their average weight recorded as 64 kilogram(kg) (x¯ - mean of a sample) along with a standard deviation (s), now by using this the teacher intends to estimate the average weight of the whole class (µ - population mean) by utilizing the statistical parameters standard deviation (s), and mean of the sample (x¯).

Characteristic of a good estimator

(i) Unbiased: whereas the expected value of the statistic is equal to the population parameter for illustration, if the expected mean of a sample is equal to the population mean

(ii) Consistency: whereas an estimator yields values more closely approaching the population parameter like the sample increases

(iii) Efficiency: whereas the estimator has smaller variance on repeated sampling.

(iv) Sufficiency: whereas an estimator uses all the information available in the data relating to a parameter

 


Related Discussions:- Statistical estimation

Evaluate the mean of temperatures, Evaluate the mean of temperatures: ...

Evaluate the mean of temperatures: Example: Given the subsequent temperature readings, 573, 573, 574, 574, 574, 574, 575, 575, 575, 575, 575, 576, 576, 576, 578 So

Metric space, Assume that (X, d) is a metric space and let (x1, : : : , x n...

Assume that (X, d) is a metric space and let (x1, : : : , x n ) be a nite set of pointsof X. Elustrate , using only the de nition of open, that the set X\(x1, : : : , x n ) obtain

Determine the properties and query are definable in datalog, We now focus o...

We now focus on the use of Datalog for defining properties and queries m graphs. (a) Suppose that P is some property of graphs definable in Datalog. Show drat P is preserved und

Produce list containing m-vectors delta and lambda, The logarithm of the Po...

The logarithm of the Poisson mixture likelihood (3.10) can be calculated with the following R code: sum(log(outer(x,lambda,dpois) %*% delta)), where delta and lambda are m-ve

Geometry , Solving for X in isosceles triangles

Solving for X in isosceles triangles

Calculus, f(x)= 2e^5x+6 find the domain of f and find x-intercept.

f(x)= 2e^5x+6 find the domain of f and find x-intercept.

Chain rule, Chain Rule :   If f(x) and g(x) are both differentiable func...

Chain Rule :   If f(x) and g(x) are both differentiable functions and we describe F(x) = (f. g)(x) so the derivative of F(x) is F′(x) = f ′(g(x)) g′(x).  Proof We will s

#perimeter, what are the formulas in finding the perimeter of a plane figur...

what are the formulas in finding the perimeter of a plane figure?

Example of mixing problems, A 1500 gallon tank primarily holds 600 gallons ...

A 1500 gallon tank primarily holds 600 gallons of water along with 5 lbs of salt dissolved into it. Water enters the tank at a rate of 9 gal/hr and the water entering the tank has

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd