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

Factoring out the greatest common factor, Factoring out the greatest common...

Factoring out the greatest common factor of following polynomials.                    8x 4 - 4 x 3 + 10 x 2  Solution Primary we will notice that we can factor out a

Roman numerals, how to determine roman numerals to digits specially when it...

how to determine roman numerals to digits specially when it hundred thousands

Compute simple addition, John was doing his homework on vertical addition, ...

John was doing his homework on vertical addition, and had to compute : 5 3+ 3 4  and 6 8 +45 He did the first one easily, just the way his teacher had taught him. He first ad

theoretical minimum number of stations, A company is setting up an assembl...

A company is setting up an assembly line to produce 100 units/hour. The table shown below identifies the work elements, times, and immediate predecessors. a)      What cycle tim

Objectives to knowing your maths learner, Objectives After studying th...

Objectives After studying this unit, you should be able to briefly describe the developmental stages of children's thinking and learning processes; assess the levels

Laws of set algebra, Laws of Set Algebra From the given Venn diagram w...

Laws of Set Algebra From the given Venn diagram where T is the universal set and A its subset that we can deduce a number of laws as: i. A υ Ø = A ii. A υ T = T

digraph of r, Let R be the relation on S = {1, 3, 6, 9, 27} defined by aRb...

Let R be the relation on S = {1, 3, 6, 9, 27} defined by aRb iff a|b. (a) Write down the matrix of R. (b) Draw the digraph of R. (c) Explain whether R is reflexive, irrere

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