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ED NEIL O. MARATAS
BS STATISTICS, MA MATHEMATICS
ESTIMATION – The process of
estimating the value of a parameter
from information obtained in a sample
POINT ESTIMATE – Specific numerical value
estimate of a parameter. Ex. Population mean
μ the point estimate is sample mean x bar
INTERVAL ESTIMATE – is an interval or a
range of values use to estimate the
parameter.
Statistic is used to estimate parameter and
this is called estimator. A good estimator
must satisfy the following properties:
1. It must be an unbiased estimator.
2. It must be consistent.
3. It must be relatively efficient estimator.
CONFIDENCE INTERVALS FOR THE MEAN
WHEN STANDARD DEVIATION IS KNOWN OR
n>=30
𝝈 𝝈
FORMULA: 𝒔𝒂𝒎𝒑𝒍𝒆 𝒎𝒆𝒂𝒏 − 𝒛
𝜶 < 𝝁 < 𝒔𝒂𝒎𝒑𝒍𝒆 𝒎𝒆𝒂𝒏 + 𝒛
𝜶
𝟐 𝒏 𝟐 𝒏