What is a conservative estimate?
A conservative estimate or guess is one in which you are cautious and estimate or guess a low amount which is probably less than the real amount.
What is the true definition of a conservative?
Conservatism is an aesthetic, cultural, social, and political philosophy, which seeks to promote and to preserve traditional social institutions. Adherents of conservatism often oppose modernism and seek a return to traditional values.
How do you find a conservative estimate?
A conservative estimate would take the lower of those values (ie the least absorbency covering the greatest area) so for a 40 square metre wall 5 tins would be needed. A high-end or liberal estimate would budget for 8 tins. One leaning towards less spending/work/quantity rather than more.
What does conservative mean in statistics?
Conservative in statistics has the same general meaning as in other areas: avoiding excess by erring on the side of caution. In statistics, “conservative” specifically refers to being cautious when it comes to hypothesis tests, test results, or confidence intervals.
What is conservative sampling?
Conservative penny sampling is robust, simple, affordable, and efficient in the frequently encountered case when payment errors are all or nothing. For example, using a sample of only 45 pennies, 95 percent of the total population payment will be recovered in a 100 percent error case.
What does the term conservative mean in history class 9?
Conservatives believed in traditional and cultural values. They were the people who supported monarchy and nobility. They believed that privileges of the monarchy and nobility should exist.
What is a conservative estimate/guess?
a guess which is deliberately lower than what the real amount probably is At a conservative estimate, the holiday will cost about £1,500. → conservative Examples from the Corpus a conservative estimate/guess • I understand that is a conservative estimate.
How do you find a conservative sample size for proportion?
Now, for finding sample sizes for proportion, in addition to using an educated guess to estimate p, we can also find a conservative sample size which can guarantee the margin of error is short enough at a specified α. Educated guess (estimate p by p ^): n = N ⋅ p ^ ⋅ (1 − p ^) (N − 1) d 2 z α / 2 2 + p ^ ⋅ (1 − p ^)
What is a conservative estimate of line differences?
This is a conservative estimate, as it ignores mortality. This scaling was used to produce a conservative estimate of line differences. This was found to be the case for both a more inclusive, and a more conservative estimate of semantic generality. These examples are from corpora and from sources on the web.
What is a conservative estimate of time cost of time?
We have chosen a conservative estimate of 1.5 mm per ha. The time cost, therefore, is considered to be a conservative estimate of the patients’ opportunity cost of time. This is a conservative estimate, as it ignores mortality. This scaling was used to produce a conservative estimate of line differences.