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

Constant aceleration formulae, a car comes to a stop from a speed of 30m/s ...

a car comes to a stop from a speed of 30m/s in a distance of 804m. The driver brakes so as to produce a decelration of 1/2m per sec sqaured to begin withand then brakes harder to p

How do children learn maths?, HOW DO CHILDREN LEARN? : Have you ever tried...

HOW DO CHILDREN LEARN? : Have you ever tried teaching a young child what "ball" means? Did you do it by a lot of verbal description" Or did you let the child actually handle a b

Determination of the regression equation, Determination of the Regression E...

Determination of the Regression Equation The determination of the regression equation such given above is generally done by using a technique termed as "the method of least sq

Estimate percent of the babies born among 6 and 8.5 pounds, 25% of babies b...

25% of babies born at Yale New Haven Hospital weigh less than 6 pounds and 78% weigh less than 8.5 pounds. What percent of the babies born at Yale New Haven Hospital weigh among 6

Rectilinear figure, what is a redtilinear figure? like what are for the req...

what is a redtilinear figure? like what are for the requirments for a shape to be called that? example a regular polygon has all sides and angles equal. i cant find that kind of dr

Decision trees illustration, A company is considering whether to enter a ve...

A company is considering whether to enter a very competitive market. In case company decided to enter in market this must either install a new forging process or pay overtime wages

Determine radicals in exponent form, Evaluate following.               ...

Evaluate following.                √16 and Solution To evaluate these first we will convert them to exponent form and then evaluate that since we already know how to

.., Ask quesLa proporción de empleados de una empresa que usan su auto para...

Ask quesLa proporción de empleados de una empresa que usan su auto para ir al trabajo es 5:16. Si hay un total de 800 empleados, diga la cantidad de autos que se espera que haya es

Find the integral of a function, We want to find the integral of a function...

We want to find the integral of a function at an arbitrary location x from the origin. Thus, where I(x=0) is the value of the integral for all times less than 0. (Essenti

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