Estimate (English)
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Definition (keystage 1)
A guess which can be justified physically or mathematically; an approximate value of a calculation or measurement
Definition (advanced level)
Value of an estimator in a sample.
Estimates are often assigned Roman letters (e.g. m and s), whereas the equivalent unknown values in the population (parameters) are assigned Greek letters (e.g. μ, σ2. In some books estimates are asigned Greek letters with hat (e.g [^μ], [^(σ2)])
Estimates are often assigned Roman letters (e.g. m and s), whereas the equivalent unknown values in the population (parameters) are assigned Greek letters (e.g. μ, σ2. In some books estimates are asigned Greek letters with hat (e.g [^μ], [^(σ2)])
Relations
- broader:
- (en) Methods on variables
- (en) Use of numbers
- narrower:
- (en) Interpolate
- (en) Rough
- (en) Round
- referenced:
- (en) Accuracy
- see also:
- (en) Guess
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