In your own words, carefully explain the meanings of the following terms. (a) point estimate O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. A single number used to estimate a population parameter. A procedure designed to give a range of values as an estimate of an unknown parameter value. O A measure of the reliability of an interval estimate. The value of a probability density function which cuts off a critical area. (b) critical value O A measure of the reliability of an interval estimate. The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. OA single number used to estimate a population parameter. O The value of a probability density function which cuts off a critical area. O A procedure designed to give a range of values as an estimate of an unknown parameter value. (c) maximal margin of error O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. O A measure of the reliability of an interval estimate. O The value of a probability density function which cuts off a critical area. O A single number used to estimate a population parameter. O A procedure designed to give a range of values as an estimate of an unknown parameter value. (d) confidence level O The value of a probability density function which cuts off a critical area. A procedure designed to give a range of values as an estimate of an unknown parameter value. O A measure of the reliability of an interval estimate. The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. OA single number used to estimate a population parameter. (e) confidence interval OA measure of the reliability of an interval estimate. O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. The value of a probability density function which cuts off a critical area. A procedure designed to give a range of values as an estimate of an unknown parameter value. OA single number used to estimate a population parameter.
In your own words, carefully explain the meanings of the following terms. (a) point estimate O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. A single number used to estimate a population parameter. A procedure designed to give a range of values as an estimate of an unknown parameter value. O A measure of the reliability of an interval estimate. The value of a probability density function which cuts off a critical area. (b) critical value O A measure of the reliability of an interval estimate. The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. OA single number used to estimate a population parameter. O The value of a probability density function which cuts off a critical area. O A procedure designed to give a range of values as an estimate of an unknown parameter value. (c) maximal margin of error O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. O A measure of the reliability of an interval estimate. O The value of a probability density function which cuts off a critical area. O A single number used to estimate a population parameter. O A procedure designed to give a range of values as an estimate of an unknown parameter value. (d) confidence level O The value of a probability density function which cuts off a critical area. A procedure designed to give a range of values as an estimate of an unknown parameter value. O A measure of the reliability of an interval estimate. The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. OA single number used to estimate a population parameter. (e) confidence interval OA measure of the reliability of an interval estimate. O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances. The value of a probability density function which cuts off a critical area. A procedure designed to give a range of values as an estimate of an unknown parameter value. OA single number used to estimate a population parameter.
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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Transcribed Image Text:In your own words, carefully explain the meanings of the following terms.
(a) point estimate
O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances.
O A single number used to estimate a population parameter.
O A procedure designed to give a range of values as an estimate of an unknown parameter value.
O A measure of the reliability of an interval estimate.
O The value of a probability density function which cuts off a critical area.
(b) critical value
O A measure of the reliability of an interval estimate.
O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances.
O A single number used to estimate a population parameter.
O The value of a probability density function which cuts off a critical area.
O A procedure designed to give a range of values as an estimate of an unknown parameter value.
(c) maximal margin of error
O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances.
O A measure of the reliability of an interval estimate.
O The value of a probability density function which cuts off a critical area.
O A single number used to estimate a population parameter.
O A procedure designed to give a range of values as an estimate of an unknown parameter value.
(d) confidence level
O The value of a probability density function which cuts off a critical area.
O A procedure designed to give a range of values as an estimate of an unknown parameter value.
O A measure of the reliability of an interval estimate.
O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances.
O A single number used to estimate a population parameter.
(e) confidence interval
O A measure of the reliability of an interval estimate.
O The largest distance between the point estimate and the parameter it estimates that can be tolerated under certain circumstances.
O The value of a probability density function which cuts off a critical area.
O A procedure designed to give a range of values as an estimate of an unknown parameter value.
O A single number used to estimate a population parameter.
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