A measure with a pedegree
The sample size required to estimate a population mean depends on the desired level of confidence and precision, in addition on the variable’s variance in the population.
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Biased and unbiased estimators. The mean one of the unbiased estimators and accurately approximates the population value. The standard deviation is a biased estimator.
Mean or median? Mean and median are two measures of centralization. It is discussed in which situations it is preferable to use one or the other to describe data.
Mean’s confidence interval. Obtaining a mean, the concept of standard error and the calculation of the mean’s confidence interval are described.