Statistical Inference

The process of drawing inference about population on

the basis of sample data statistical inference.
Types
1.Parameter estimation
2. Hypothesis testing
Estimation:
A process in which we obtain values of unknown
parameter with the help of sample data. This is a
function or rule which tells how to calculate estimate.
 Estimate:
An estimate is the numeric value of the estimator.

Types of estimation:
1.Point estimation
2.Interval estimation

1.Point estimation:
When an estimate for the unknown population parameter is expressed by
a single value is called point estimate.

2.Interval estimate:
When an estimate for the unknown population parameter is expressed by
a range of values(confidence interval) with in which the population
parameter is expected to occur is called an interval estimate 1-alpha
(degree of confidence/confidence coefficient)
Standard definitions and notations
Sampling:
A collection of observable data items is called
population and small sample taken from the population
for estimating the constants of population is called a
sample. The process of picking up the sample and
estimating the parameters of population is called
sampling.
Population:
Population size – N
Population Mean –
Population variance -
Sample Size- n
Sample mean –
Sample variance – S^2
Parameter estimation
Properties of good estimator
Parameter estimation methods
Limitation of this method
Parameter estimation using interval data
Sampling using normal distribution