Sankhyā: The Indian Journal of Statistics, Series B (2008-), Vol. 78, No. 1 (May 2016), pp. 66-77 (12 pages) We consider the problem of unbiased estimation of a finite population mean (or proportion) ...

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 ...

Modified efficiency comparisons, which take into consideration the fact that the expected number of distinct units in a with-replacement sample need not be an integer, are made for the same expected ...

Learn how acceptance sampling improves quality control by evaluating random samples. Discover its methods, benefits, and historical significance in manufacturing.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...