• How to estimate the parameters in a normal distribution when observatio

    From Daniel Grace@21:1/5 to All on Sun Apr 29 11:11:58 2018
    Say you know a variable follows a normal distribution and you have observations x1, x2, ..., xn. However when an observation appears as xi = h, where h is a known threshold (cut off), that observation could represent any value greater than or equal to h.
    How then can you estimate the mean and standard deviation of the distribution? This is the sort of scenario you would get if for example you were measuring the daily demand (assuming it follows a normal distribution) for a product and you only sell a
    maximum of h units per day, as that's the maximum number you have in stock (assuming that a shortage in supply does not affect the demand for the following day).

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