Z-Test - z score
Population standard is given & n >= 30.
Point Estimate +- Margin of error
x̄ +- z α/2 (σ/ √ n )
Upper Bound - x̄ + z α/2 (σ/ √ n ) = ztable(Answer)
Lower Bound - x̄ - z α/2 (σ/ √ n )=ztable(Answer)
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Parameter estimation is the process of computing a model’s parameter values from measured data. You can apply parameter estimation to different types of mathematical models, including statistical models, parametric dynamic models, and data-based Simulink® models
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