Question

In: Statistics and Probability

Given the data below, what is the estimated bias given a reference value of 24.521? Data...

Given the data below, what is the estimated bias given a reference value of 24.521?

Data
24.9872
24.2675
25.2027
24.6919
24.9361
25.5176
24.8503
24.1735
24.8481
24.898
24.8747
24.6096
24.6116
24.9186
25
24.519
25.7207
24.9817
25.2276
24.919

Solutions

Expert Solution

Data
24.9872
24.2675
25.2027
24.6919
24.9361
25.5176
24.8503
24.1735
24.8481
24.898
24.8747
24.6096
24.6116
24.9186
25
24.519
25.7207
24.9817
25.2276
24.919
Sum 497.7554
Average 24.88777
reference value 24.521 (given)
Estimated bias = Average - reference value
Estimated bias = 0.36677
RESULT:
Therefore the estimated bias given a reference value of 24.521 is 0.36677 for the given data.

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