05 Lecture4 - Estimation
05 Lecture4 - Estimation
Statistical Estimation
Dr Remya.G
Statistics
\][ STATISTICAL
ANALYSIS
UNIVERIATE ?
MULTIVARIATE DESCRIPTIVE INFERENTIALL
?
Point Interval
estimate estimate Univariate
Multivariate
Inferential statistics
– Estimation of parameters
* Point Estimation
* Intervals Estimation
– Hypothesis Testing
Basic terminology
• Parameter –the numbers that describe the
charactreistics of the population(mean, sd,
varience etc)
Mean: X _
Standard
deviation: s __
Proportion: p _
from entire
from sample
population
Basic Logic
• Information from POPULATION
samples is used to
estimate information
about the population. SAMPLE
• Statistics are used to
estimate parameters.
PARAMETER
STATISTIC
Estimation
Point estimate
Interval estimate
Point estimate
• Point estimates are single points that estimates
parameter directly which serve as a "best guess" or "best
estimate" of an unknown population parameter
X X X
Sampling Distribution
• Sampling Distribution: A theoretical distribution
that shows the frequency of occurrence of values
of some statistic computed for all possible
samples of size N drawn from some population.
Square
root law
Confidence interval
Population mean
Confidence interval
Confidence limits
• The α (“alpha”) level represents the “lack of
confidence”
• (1−α)100% represent the confidence level of a
confidence interval
• Confidence interval =