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When We Hear Jokes About the Malfunctioning Rocket That Was

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When we hear jokes about the malfunctioning rocket that was called the "civil servant," because it would not work and you could not fire it, this is an indictment against "bureaucrats."


Definitions:

Sampling Distribution

A statistical probability distribution derived from a high volume of samples taken from a particular population.

Unbiased Estimator

A statistical estimator that, on average, equals the parameter being estimated.

Population Parameter

A population parameter is a numerical value that characterizes a certain aspect of a population, such as its mean or variance.

Expected Value

The long-term average value of a random variable, representing its mean outcome over an infinite number of trials.

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