Estimation

Estimation

Bachelor of Business Studies (BBS) — First Year

Subject: Business Statistics (MGT 202)

Unit 10: Sampling and Estimation

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of estimation.
• Select suitable statistical procedures, carry out calculations and interpret business results.

Curriculum Scope

• Estimator
• Point estimates
• Interval estimates

Detailed Microsyllabus

1. Estimation foundations

   1. Estimator and estimate.
   2. Desirable properties of an estimator.
   3. Point estimates of population characteristics.

2. Interval estimation

   1. Confidence interval, confidence level and margin of error.
   2. Required distributional and sampling assumptions.
   3. Interpret an interval without treating confidence as a probability about a fixed parameter.

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Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 14-16.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here.