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Calculation of point estimates using MS Excel

1) Create a sheet "Point estimates X1." Add the values ​​of the random variable X1 to it. For a visual representation of the calculation results, we will create the table on the sheet shown in Fig. 12. On each line, we add the functions for calculating point estimates listed below.

EXPECTED VALUE = AVERAGE (A2: A151).

RMS REVERSION = STD (A2: A151).

* As a result of the calculation to evaluate the mode, the following result # N / A can be obtained, i.e. a value is not available, which indicates that the selection has no duplicate values.

Fig. 12 Point estimates of random variable X1

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