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Feb
18
comment Estimate the true mean: given only measurements above a known threshold
I can upvote it with a clear conscious: I can follow your explanation steps well enough (in general terms) - it's just that it will take me some time to go through in detail and in particular understand how to translate the maths notation into computer code. Additionally: my upvote means "Thanks for the pointers - I can now go and research (for instance 'truncated data' and 'cdf' etc.)"
Feb
18
awarded  Supporter
Feb
18
comment Estimate the true mean: given only measurements above a known threshold
So I am in the embarrassing situation of not being able to tell whether to accept this answer or not - because (I am not proud to say) my maths notation is not good enough to understand the answer fully ! I have upvoted the answer, but I am unable to accept as I cannot verify myself !
Sep
23
comment Estimate the true mean: given only measurements above a known threshold
So something like : find the shape of the distribution; maybe chucking out the outliers (from your ping example). If the distribution looks like a 'warped' (long tailed?) Normal (or something else), perhaps try and 're-shape' it so that it fits ? I am already making an assumption that the measurements are representative actually (ie, no 'hiccups') - was wondering if there was an 'idealized' way of doing this here....
Sep
22
awarded  Student
Sep
22
asked Estimate the true mean: given only measurements above a known threshold