Mathematics
2 years ago

New efficient method improves accuracy of estimating population median!

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PLoS ONE
Efficient class of ratio cum median estimators for estimating the population median
Mir Subzar, Showkat Ahmad Lone, Emmanuel John Ekpenyong‬, Abdul Salam, Muhammad Aslam, T. A. Raja, Salmeh A. Almutlak

Paper Summary

A new type of estimator called ratio cum median estimators has been developed to estimate the middle value of a population more accurately. These estimators use additional information to improve accuracy. The researchers found that these new estimators are better than existing ones when tested with real data. This new method can help analyze data and make better decisions in the future.

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