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The ratio estimator is a statistical estimator for the ratio of means of two random variables. Ratio estimates are biased and corrections must be made when they are used in experimental or survey work. The ratio estimates are asymmetrical and symmetrical tests such as the t test should not be used to generate confidence intervals.
[2]: 277 If the organization elects to only inspect a fraction of units produced, the sample size should be chosen large enough so that the chance of finding at least one nonconforming unit in a sample is high—otherwise the false alarm rate is too high. One technique is to fix sample size so that there is a 50% chance of detecting a process ...
Volumetric flow rate should not be confused with volumetric flux, as defined by Darcy's law and represented by the symbol q, with units of m 3 /(m 2 ·s), that is, m·s −1. The integration of a flux over an area gives the volumetric flow rate. The SI unit is cubic metres per second (m 3 /s). Another unit used is standard cubic centimetres per ...
The sample odds ratio n 11 n 00 / n 10 n 01 is easy to calculate, and for moderate and large samples performs well as an estimator of the population odds ratio. When one or more of the cells in the contingency table can have a small value, the sample odds ratio can be biased and exhibit high variance .
A ratio that has integers for both quantities and that cannot be reduced any further (using integers) is said to be in simplest form or lowest terms. Sometimes it is useful to write a ratio in the form 1:x or x:1, where x is not necessarily an integer, to enable comparisons of different ratios. For example, the ratio 4:5 can be written as 1:1 ...
The Kelly criterion gives the ideal size of the investment, which when adjusted by the period and expected rate of return per unit, gives a rate of return. [11] The accuracy of Sharpe ratio estimators hinges on the statistical properties of returns, and these properties can vary considerably among strategies, portfolios, and over time. [12]
The following formulas can be used to calculate the volumes of solute (V solute) and solvent (V solvent) to be used: [1] = = where V total is the desired total volume, and F is the desired dilution factor number (the number in the position of F if expressed as "1/F dilution factor" or "xF dilution"). However, some solutions and mixtures take up ...
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