Sunteți pe pagina 1din 1
423 424 425 426 427 428 429 430 431 432 Mmestimate is a specitc value of @ Statistic, agen We observe a speane Value of our Estimator, itis called estimate Enka ne Mumber which is used fe estimate an sextOwn population parameter (exar (epost wil be Rs.4$ cr oe the end of year), Interval estimate means a Fange of values used to estimate the Population parameters (eampie = Fa depose 4 pected to be RS.S0 cr at the end of the faihe above features are correct features of a Point estimate, wag interval estimate indicates the error in two Br eceemely (1) by the extent of ie range (2) BY brobablity of the true pepuisre Parameter lying within that range, Fe S2Mble statistics that is used tg estimate 3 ceppetn Parameter is caied estien The sample mean can i population mean, Perri at Be Sed 25 am seiner a the Population proportion, Fhe sample statistics that is used to estimate a eee ical een The BeUDS Metta cal ates ecttnetg the population mean, Bore emt be USadlae on serine the Population proportion, ‘here is 4 criterion to examine the gualty of an estimator ie. (1) unbiased (2) efficiency (3) Consistency (4) sufficiency, When we are to compare two statistics from a gervvic ofthe same ste to decide whch om 2 ests ENE estimator, we wou ick up the SStimator which has smal: standard error or #f2ndard deviation of the sampling distribution, 433 It indicates Consister Statistic is 3 tic 434 The sample mean ig the best estimator of the Population mean 435° Total balance of aif Accounts = 1997 No, of 199.70 Seat JO SNe Steyr a 2 ‘ation = Square root of {summation (x, Pear)? / 1-1} = Square root of sep 10/(10-1) * Square root of 29.12 = 5.49 487 Mean post-cosing dectine-= 1.2%. For R400 Inher ule be = 400 x4.2 «4 Fe 438 mean a slate method is used 6 ut the by ealaane, 5 Me range, This woudl bongene error of the mean er epation by using the formals Standard Error of the Mecn ° ‘Standard error / Ao. 499 Interval estimate method Would be used which cman be, done by calcuiating ‘tae standard tar of the mean for infinite Population by using the formula Standerd Error of the Mean = Standard deviation / ‘square root of the no. Ser the Mean = 5 / scuare root of 400 = 5 0 = 04 months (square root of spe 20) 26 - 0.4 months and 26 + 0.4 ‘months = 25.6 Months to 26.4 months 440 Here the sample coe’ ‘greater than 30 due to which the central limit theorers ‘can be used, Standard error of the mean tee an infinite population = anord deviation / square root the number £15 (scuare root of 225) "ten

S-ar putea să vă placă și