A company has manufactured certain objects and has printed a serial number on each manufactured object. The serial numbers start at 1 and end at N, where N is the number of objects that have been manufactured. One of these objects is selected at random, and the serial number of that object is 888. What is the method of moments estimate of N? What is the mle of N?
● Wha t is central ncy ○ The textbook definition words it as a statistical measure that attempts to determine the single value that is most typical or most representative of the entire set of scores ○ A simpler definition: the center of most common number of a distribution ● What does central tendency look like ○ The central tendency is usually understood as the mean, median, or mode ■ The mean is the center of gravity or the average out of all the scores ■ You can find the mean by simply adding up all of the numbers in the distribution and dividing by the number of scores ■ Algebraically, the population (or distribution) mean can be written