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Earn +20 ptsQ: What is the upper bound estimate?
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What is an upper bound estimate?
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.
What is the difference between a unbound report and a bound report?
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 ;)
What is the error bound and the relative error bound for 3.457?
The error bound is half of the last digit = ±0.0005 The relative error is ±0.000145 or ±0.0145%
What is the the relationship between population and sample parameter and statistic?
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.
What is the median of the upper half of the data set?
It is the upper quartile.
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