Estimate
Inferential statistics - Estimate

Let's assume that parts are manufactured on a machine. All the parts manufactured have the same unknown probability θ of being defective. This number θ depends on the setting of the machine, the better the setting, the closer θ is to 0; but as the setting cannot be perfect, θ = 0 is never achieved. Before starting the manufacturing cycle, we want to check whether the machine is "well set", i.e. whether θ is small enough. To do this, we produce a certain...