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
Related questions
Question

Transcribed Image Text: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?
Expert Solution

Step 1
In a point estimate, we find the value of the sample parameter to best approximate the population parameter.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman