What does lower bound mean in math?
The lower bound of a set of numbers is the least member of the set. For example, if you have a group of numbers that consists of your age and the ages of all of your grandparents, then your lower bound would be the answer that is the least amount of years your grandparents and you share.
What is a lower bound mean in statistics?
In statistics, a lower bound is a lower limit for a number. It is the smallest possible value a variable could have. In other words, it is the minimum of all possibilities for the variable. For example, when you are searching for a missing person, you can ask people about the height of the missing person. You cannot know what the exact height is. However, you can use a lower bound on the height to narrow down the possibilities.
What is the lower bound of the population mean?
The lower bound of the population mean is the smallest possible value of the population mean. It is important to realize that it is a lower bound and not an exact value. This is because there is no way to know the actual value of the population mean with absolute certainty.
What is a lower bound on the population mean?
A lower bound on the population mean is simply an estimate of what we think the population mean is. It is the lowest value that is possible for the population mean. It is technically the smallest possible value that the population mean could possibly take on.
What is the lower bound of a mean?
The lower bound of a mean is the smallest possible value of a variable that is halfway between its minimum possible value and its maximum possible value. It is denoted by the symbol ⊥, which is pronounced “perpendicular” in English. The lower bound of a mean is an important concept in statistics. It plays a key role in the analysis of data. It tells you that your data has no negative values if you have a lower bound. If the lower bound of a mean