What is Point Estimator in Total Quality Management? PDF | Download eBooks

Learn Point Estimator definition in total quality management with explanation to study “What is Point Estimator”. Study point estimator explanation with TQM terms to review total quality management course for online MBA programs.

Point Estimator Definition

Point Estimator Explanation

Usually, a sample is drawn out randomly. A random variable of a sample is described by the probability distribution. There are a number of parameters of probability distributions. These include mean, variance, standard deviation, lambda etc. Probability distributions are used in quality control to define the quality characteristics. That is why the parameters of the probability distributions must be estimated. When the value of a parameter of probability distribution is calculated using the sample data points, the value is called an estimate. The statistics that is used to estimate the value of an unknown parameter is called point estimator. For example, if the population mean and population variance are unknown, the sample mean and sample variance can be used as the point estimator for population mean and variance.

Keep Learning TQM Explanations

What is Process Capability?

By reducing the random and non-random variations from a process, the process becomes stable. However, being stable is not sufficient. ...

What is Queue Time?

Sometimes, the work on items or products does not start right away. In this case, the products or material have ...

What are Superordinate Goals?

In the area of project management, the concept of team development and management is very important. A team is a ...

What is In-Process Inspection?

As the name indicates, in-process inspection involves all the activities related to monitoring the quality of products at different stages ...

What are Undeveloped Events?

Fault tree analysis is a method to identify and assess the faults within a system and their chances of occurrence. ...

What is Group Technology?

Group Technology is a technique in which similar parts of different products are grouped together. While producing complex products, the ...