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Estimator is a noun that usually refers to the person or device doing the calculating or figuring. The estimate also can be used as a noun, referring to the result of a calculation or amount figured out, whether it be financial or area (i.e. furniture dimensions or price), it is the end result. However, estimate can also be used as the verb-the act of doing the calculating to come up with a certain amount or number.
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Difference between estimate estimator?
I think, the estimate is a numerical value, wile the estimator is a function or operator, which can be generate more estimates according to some factors. For example (xbar) is estimator for (meu), which can be various when the sample size in various, the value that will be produced is an (estimate), but (xbar) is estimator.
Differences between estimator and estimate in mathematics and statistics?
I've been doing a little bit of research on this and i think the main difference between the two is that an estimator is function/formula/a process of calculations that give you an estimate( which is a final figure that expresses and is meant to equal a figure i.e population mean but does not actually equal it due to various errors in the given data/sample)
Estimate the difference between 750 and 1200?
The difference between 750 and 1200 is 450.
Difference between revised estimate and supplementary estimate?
A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.
What is the difference between actual measurement and estimate?
An actual measurement is going to be more accurate than an estimate.
Difference between estimate estimator?
I think, the estimate is a numerical value, wile the estimator is a function or operator, which can be generate more estimates according to some factors. For example (xbar) is estimator for (meu), which can be various when the sample size in various, the value that will be produced is an (estimate), but (xbar) is estimator.
Differences between estimator and estimate in mathematics and statistics?
I've been doing a little bit of research on this and i think the main difference between the two is that an estimator is function/formula/a process of calculations that give you an estimate( which is a final figure that expresses and is meant to equal a figure i.e population mean but does not actually equal it due to various errors in the given data/sample)
Differentiate estimate and estimator?
It can get a bit confusing! The estimate is the value obtained from a sample. The estimator, as used in statistics, is the method used. There's one more, the estimand, which is the population parameter. If we have an unbiased estimator, then after sampling many times, or with a large sample, we should have an estimate which is close to the estimand. I will give you an example. I have a sample of 5 numbers and I take the average. The estimator is taking the average of the sample. It is the estimator of the mean of the population. The average = 4 (for example), this is my estmate.
What is the best estimator of population mean?
The best estimator of the population mean is the sample mean. It is unbiased and efficient, making it a reliable estimator when looking to estimate the population mean from a sample.
Is 500 a reasonable estimate for the difference 749 259?
It depends on what a 'reasonable estimator' is. A good estimator is usually one which is considered unbiased. That is Expected value of the estimator = E[x] = the answer In your case, the E[x] = 500 but the answer is actually 490. This represents a 2% margin of error. Since it's a pretty simple computation, I personally think that error is not reasonable.
What is the formal term used for a insurance person who estimate damages?
An "estimator"
Are free income tax estimators as good as paid estimators?
Yes, a free income tax estimator can be as good as a paid income tax estimator. A tax estimator just allows you to have an estimate of your tax return.
Estimate the difference between 750 and 1200?
The difference between 750 and 1200 is 450.
Difference between revised estimate and supplementary estimate?
A supplementary estimate refer to the additional or extra estimate. A revised estimate is the difference between the former budget estimates and the actual expenditure, which is usually presented in the next budget.
What are the properties of good estimators?
There are four main properties associated with a "good" estimator. These are: 1) Unbiasedness: the expected value of the estimator (or the mean of the estimator) is simply the figure being estimated. In statistical terms, E(estimate of Y) = Y. 2) Consistency: the estimator converges in probability with the estimated figure. In other words, as the sample size approaches the population size, the estimator gets closer and closer to the estimated. 3) Efficiency: The estimator has a low variance, usually relative to other estimators, which is called relative efficiency. Otherwise, the variance of the estimator is minimized. 4) Robustness: The mean-squared errors of the estimator are minimized relative to other estimators.
What is the purpose of a closing cost estimator?
A Closing Cost Estimator or Calculator is used to estimate your total closing expenses based on the information you provide into the tool. Many banks and financial institutions provide the tool.
What is a free income tax estimator?
Free income tax estimator is a calculator that you put basic information into. Yearly income, federal tax withheld, number of dependents. Then it will give you an estimate of your refund or if you owe money.
