try sqrt(N) where N represents the number of observations you have...
mean
You can estimate them both.
You can estimate them both.
You can estimate the median and the mean.
An open interval centered about the point estimate, .
mean
To estimate the mean length using midpoints of class intervals, first determine the midpoint for each class interval by averaging the lower and upper bounds of the interval. Then, multiply each midpoint by the frequency of its corresponding class to find the total for that class. Finally, sum all these products and divide by the total number of observations (the sum of all frequencies) to obtain the estimated mean. The formula can be summarized as: ( \text{Mean} = \frac{\sum ( \text{midpoint} \times \text{frequency})}{\sum \text{frequency}} ).
Look at the tallest bar in a histogram.
You can estimate them both.
You can estimate them both.
You can estimate the median and the mean.
An open interval centered about the point estimate, .
A histogram is a graph, kind of like a cousin to the bar graph. A histogram has no spaces between it's bars, and the intervals on the horizontal axis are equal. For example, if you take a survey and ask how many times you went to the movies each year, people wouldn't know the exact amount they went, so you would give them choices, such as 0-10, 11-20, 21-30, and 31+. So people wouldn't have to give the exact answer, just a rough estimate. And along the vertical axis you would have the number of people per bar depending on how many times they went to the movies. I hope this helped
The number of sub-intervals required to use the Trapezoidal rule in numerical integration depends on the desired accuracy and the nature of the function being integrated. Generally, more sub-intervals lead to a better approximation of the integral. To determine an appropriate number, one can estimate the error and adjust the sub-intervals accordingly, often using criteria such as the error bound formula for the Trapezoidal rule. A common approach is to start with a small number of sub-intervals and increase them until the desired accuracy is achieved.
If you are looking to determine your payment thresholds, you only require the duration of amortization, the initial loan value, the interest rate and the frequency of payments.
The relative frequency is an estimate of the probability of an event.
Estimate the answer. If the calculated answer is close to the estimate then it is reasonable.