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

Probability, Ratio of successes in 5 independent trials to the probability ...

Ratio of successes in 5 independent trials to the probability of successes in two independent trials is 1/4. What is the probability of 4 successes in 6 independent trials?

Guess my number, My thousandths digit is twice the tenths digit. My tenths ...

My thousandths digit is twice the tenths digit. My tenths digit is one less than the hundredths digit. If my number is 5, what my number?

SYSTEMS OF ODE, Problem 1 Let ~x0 = A~x and y 0 = B~y be two 2  2 linear s...

Problem 1 Let ~x0 = A~x and y 0 = B~y be two 2  2 linear systems of ODE. (1) Suppose that A and B have the same purely imaginary eigenvalues. Prove that these systems are topologi

ADDING AND SUBTRACTING EQUATION, GUESS THE NUMBER THAT WHEN YOU SUBTRACT 6 ...

GUESS THE NUMBER THAT WHEN YOU SUBTRACT 6 AND THEN SUBTRACT 0 IS-14

Find inverse laplace transform, Question: Find Inverse Laplace Transfor...

Question: Find Inverse Laplace Transform of the following (a) F(s) = (s-1)/(2s 2 +8s+13)     (b) F(s)= e -4s /(s 2 +1) + (1/s 3 )

Linear graph, in the form of linear graph interpret the ralationship betwee...

in the form of linear graph interpret the ralationship between two quantities

One-to-one correspondence to developing pre-number concepts, One-to-one Cor...

One-to-one Correspondence :  Suppose you are given a certain number of cups and saucers, and are asked to find out whether there are enough saucers for all the cups. How would you

Launching of a new product, Launching a new product (Blackberry Cube) Analy...

Launching a new product (Blackberry Cube) Analysis (target market) Product features Promotions and advertisement sample design (location)

Number of permutations of ''n'' dissimilar things , Finding the numbe...

Finding the number of Permutations of 'n' dissimilar things taken 'r' at a time:  After looking at the definition of permutations, we look at how to evolve a

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