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In statistics, point estimation involves the use of sample data to calculate a single value (known as a point estimate since it identifies a point in some parameter space) which is to serve as a "best guess" or "best estimate" of an unknown population parameter (for example, the population mean ). More formally, it is the application of a point ...
Saponification value or saponification number ( SV or SN) represents the number of milligrams of potassium hydroxide (KOH) or sodium hydroxide (NaOH) required to saponify one gram of fat under the conditions specified. [1] [2] [3] It is a measure of the average molecular weight (or chain length) of all the fatty acids present in the sample in ...
A modern scientific calculator with an LCD. An electronic calculator is typically a portable electronic device used to perform calculations, ranging from basic arithmetic to complex mathematics . The first solid-state electronic calculator was created in the early 1960s. Pocket-sized devices became available in the 1970s, especially after the ...
Pascal's calculator (also known as the arithmetic machine or Pascaline) is a mechanical calculator invented by Blaise Pascal in 1642. Pascal was led to develop a calculator by the laborious arithmetical calculations required by his father's work as the supervisor of taxes in Rouen. [ 2] He designed the machine to add and subtract two numbers ...
Sample size determination or estimation is the act of choosing the number of observations or replicates to include in a statistical sample. The sample size is an important feature of any empirical study in which the goal is to make inferences about a population from a sample. In practice, the sample size used in a study is usually determined ...
The stepped reckoner or Leibniz calculator was a mechanical calculator invented by the German mathematician Gottfried Wilhelm Leibniz (started in 1673, when he presented a wooden model to the Royal Society of London [2] and completed in 1694). [1] The name comes from the translation of the German term for its operating mechanism, Staffelwalze ...
Background. An "estimator" or "point estimate" is a statistic (that is, a function of the data) that is used to infer the value of an unknown parameter in a statistical model. A common way of phrasing it is "the estimator is the method selected to obtain an estimate of an unknown parameter". The parameter being estimated is sometimes called the ...
Cost estimate. A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost ...
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