Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Applications of Standard Error
Standard Error is used to test whether the difference between the sample statistic and the population parameter is significant or is due to sampling fluctuations.
Standard Error is used to find the precision of the sample estimate of a population parameter. If a statistic θ is used to estimate the parameter, then precision of θ =
It is used to find the interval estimate of a population parameter
A population consists of four numbers 3, 4, 2, 5. Consider all possible distinct samples of size two and verify that the population mean is equal to the mean of the sample means.
The population mean (μ) = (3 + 4 + 2 + 5) / 4 = 3.5
All possible distinct samples of size two and the corresponding sample means are shown in the following table.
Samples of Size Two and their Sample Means
Sample No.
Samples
Total of the sample values
Sample mean [Col. 3] ÷ 2
(1)
(2)
(3)
(4)
1
3,4
7
3.5
2
3,2
5
2.5
3
3,5
8
4.0
4
4,2
6
3.0
4,5
9
4.5
2,5
Total
...
21.0
[Sampling used in the above table is random sampling without replacement and the no. of samples = 4C2 = 6].
Mean of sample means = 21.0/6 = 3.5
Hence, the population mean = 3.5 = the mean of the sample means.
1. Calculate the mean and mode of: Central size 15 25 35 45 55 65 75 85 Frequencies 5 9 13 21 20 15 8 3 The following data shows the monthly expenditure of 80 students of
DISCUSS THE METHODS OF MEASURING TREND
Charts when the Mean and the Standard Deviation are not known We consider the data corresponding to the example of Piston India Limited. Since we do not know population mean a
The incidence of occupational disease in an industry is such that the workers have a 20% chance of suffering from it. What is the probability that out of six workers 4 or more will
history of north west corner method
what is the independent variable in how energetic do people feel after drinking different types of soft drints?
Standard Deviation The main drawback of the deviation measures of dispersion, as discussed earlier, is that the positive and negative deviations cancel out each other. Use of t
The Truly Canadian Restaurant stocks a private red table wine that it purchases from a local winery in the Niagara Falls region. The daily demand for the wine at the restaurant is
mle
Canonical correlation analysis (CC) allows the investigation of the relationship between two ,sets of variables. For example, a sociologist may want to investigate the Relationship
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd