Consider a population of 70 individuals, for which you wish to estimate the mean annual income, μ. Assume that you have decided to use the following estimation procedure to make your estimate: simple ...

Reviewed by Robert C. KellyFact checked by Vikki VelasquezReviewed by Robert C. KellyFact checked by Vikki Velasquez Simple random sampling (SRS) is a technique in which a researcher selects a random ...

Journal of the Royal Statistical Society. Series C (Applied Statistics), Vol. 36, No. 2 (1987), pp. 145-152 (8 pages) Ranked set sampling is a technique for estimating the mean of a population, of use ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

An important application of theoretical ecology is in estimation of species extinction risk. Extinction models guide the selection of management regimes for endangered species. Two vital parameters in ...