Statistics: estimating population size using order statistics
The tutor demonstrates a way to estimate population size from three serial numbers.
Imagine you walk into a room after a convention. The participants had been given, not name tags, but number tags. You find three tags: 21, 225, and 301. Estimate how many people attended.
Solution:
The estimation of N, the population size, is given by
N = ((n+1)*xm/n) – 1, where
n = sample size (3, in this case)
xm = maximum serial number retrieved (301, in this case)
Our result is
N = ((3+1)*301/3) – 1 = 400.33 or 400 people.
Source:
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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