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 ...

In sampling with replacement from a finite population, the sample mean is known to get a smaller variance if repetitions are deleted before forming the mean. The asymptotic behavior of the variance ...

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 ...