Given a value for some variable, it is the maximum value that it could have had wich would have been rounded to the given value.
Chat with our AI personalities
An upper bound estimate is a estimate that is greater than the actual solution.
A bound report is one where it is put togeter in a binder, an unbound report just has a paperclip or a staple at the left top side.. Bound= bound to the binder ;)
The error bound is half of the last digit = ±0.0005 The relative error is ±0.000145 or ±0.0145%
The relations depend on what measures. The sample mean is an unbiased estimate for the population mean, with maximum likelihood. The sample maximum is a lower bound for the population maximum.
It is the upper quartile.