IDEAS home Printed from https://ideas.repec.org/a/inm/oropre/v6y1958i5p729-739.html
   My bibliography  Save this article

Consideration of a Biased Estimate in an Information-Sampling Situation

Author

Listed:
  • John C. Chambers

    (Case Institute of Technology, Cleveland, Ohio)

Abstract

Sampling errors are generally a function of two factors the time spent making an observation, and the total number of observations. In addition, if sampling error costs are not symmetrically distributed about the true value, there is a problem as to whether the sampling mean should be used as a basis for making a decision, or if a biased estimate should be used. A general model is developed in this paper for the total expected cost of a sampling procedure as a function of the sample size, observation time per sample unit, and the use of a biased estimate. The general model is then applied to a specific situation to illustrate the application of the model. A method is also given for evaluating the observational variance as a function of observation time.

Suggested Citation

  • John C. Chambers, 1958. "Consideration of a Biased Estimate in an Information-Sampling Situation," Operations Research, INFORMS, vol. 6(5), pages 729-739, October.
    • Handle: RePEc:inm:oropre:v:6:y:1958:i:5:p:729-739
    DOI: 10.1287/opre.6.5.729
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/opre.6.5.729
    Download Restriction: no
    File URL: https://libkey.io/10.1287/opre.6.5.729?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:6:y:1958:i:5:p:729-739. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.