Some Economic Considerations of Inefficient Statistics


McElrath, Gayle W.; Bearman, Jacob E.   (1959, ASQC)   University of Minnesota

Industrial Quality Control    Vol. 16    No. 3
QICID: 4408    September 1959    pp. 10-14
List $10.00
Member $5.00

This article is not available online. Contact us to receive a scan of the archive, in PDF format.

Article Abstract

Some quick and inexpensive statistical methods may be very useful and economical when the conditions do not allow lengthy and more costly statistical analysis. The authors discuss several sample statistics which can be used to estimate the same population characteristics. In addition, they consider the concept of statistical efficiency as a criterion in choosing the particular statistic which will be economically efficient in estimating the population value.



Browse QIC Articles Chronologically:     Previous Article     Next Article

New Search

Featured advertisers

ASQ is a global community of people passionate about quality, who use the tools, their ideas and expertise to make our world work better. ASQ: The Global Voice of Quality.