A point estimate is the value from a sample that best approximates the parameter of interest. For instance, suppose you wanted to know the likelihood of getting heads with a coin flip. You flip a coin 80 times and get 44 heads. The point estimate would be 44/80. a) Suppose you want to find the average weight of an adult emperor penguin. The weight of five penguins are 46, 52, 49, 50, and 54 pounds. What is the point estimate for the average weight? pounds b) Suppose you want to find the proportion of students that are left handed? You notice that your class has 32 students, 4 of who are left handed. What is the point estimate for the proportion of left-handed students?
A point estimate is the value from a sample that best approximates the parameter of interest. For instance, suppose you wanted to know the likelihood of getting heads with a coin flip. You flip a coin 80 times and get 44 heads. The point estimate would be 44/80. a) Suppose you want to find the average weight of an adult emperor penguin. The weight of five penguins are 46, 52, 49, 50, and 54 pounds. What is the point estimate for the average weight? pounds b) Suppose you want to find the proportion of students that are left handed? You notice that your class has 32 students, 4 of who are left handed. What is the point estimate for the proportion of left-handed students?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In a point estimate, we find the value of the sample parameter to best approximate the population parameter.
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