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

Solve the initial value by laplace transform method, Question: Solve the i...

Question: Solve the initial value problem 2x'' +x'-x =27 Cos2t +6 Sin 2t, x(0)=2 , x'(0)= -2 by using Laplace transform method.

Mathematical science, state tha different types of models used in operation...

state tha different types of models used in operations research.

Use the definition of the right- and left-handed limits, Use the definition...

Use the definition of the limit to prove the given limit. Solution Let ε> 0 is any number then we have to find a number δ > 0 so that the following will be true. |

Irregular shapes and solids, find the area of the irregular shape 2cm 4cm 4...

find the area of the irregular shape 2cm 4cm 4cm 2cm 5cm 5cm

Prove asymptotic bounds for recursion relations, 1. (‡) Prove asymptotic b...

1. (‡) Prove asymptotic bounds for the following recursion relations. Tighter bounds will receive more marks. You may use the Master Theorem if it applies. 1. C(n) = 3C(n/2) + n

Find the curve on the surface - shortest arc lenght, (a) Find the curve on ...

(a) Find the curve on the surface z=x 3/2 joining the points(x,y,z)=(0,0,0) and (1,1,1) has the shortest arc lenght? (b) Use a computer to produce a plot showing the surface an

Julie had $500 how much money did julie spend, Julie had $500. She spent 20...

Julie had $500. She spent 20% of it on clothes and then 25% of the remaining money on CDs. How much money did Julie spend? Find out 20% of $500 by multiplying $500 by the decim

Factoring quadratics of the form x2 + bx + c, Factoring quadratics of the f...

Factoring quadratics of the form x 2 + bx + c ? This tutorial will help you factor quadratics that look something like this: x 2 + 7x + 12 (Positive coefficients; no lea

Algebra function., problem to understand an problem; f(X-2)=X+3 / X-4

problem to understand an problem; f(X-2)=X+3 / X-4

What is the probability that the integer chosen is divisible, An integer i...

An integer is chosen at random from the first two hundreds digit. What is the probability that the integer chosen is divisible by 6 or 8.                    (Ans : 1/4 ) Ans:

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