Abstract
One way to estimate the total cost of the items on a restaurant bill is to round each of the prices to the nearest multiple of 10 cents before adding them. If you use this method, sometimes your timates and the underestimates would just about balance out. That is, such a method of estimation should be unbiased.
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© 1996 Springer Science+Business Media New York
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Scheaffer, R.L., Watkins, A., Gnanadesikan, M., Witmer, J.A. (1996). Estimating the Total of a Restaurant Bill: Bias in Estimation. In: Activity-Based Statistics. Textbooks in mathematical sciences. Springer, New York, NY. https://doi.org/10.1007/978-1-4757-3843-8_32
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DOI: https://doi.org/10.1007/978-1-4757-3843-8_32
Publisher Name: Springer, New York, NY
Print ISBN: 978-0-387-94598-9
Online ISBN: 978-1-4757-3843-8
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