What Is Conservative Estimate?

by | Last updated on January 24, 2024

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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

. A conservative estimate of the bill, so far, is about £22,000. This guess is probably on the conservative side.

Whats the opposite of a conservative estimate?


exaggerated estimate


highball estimate
high estimate overestimate

What is the definition of 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

. A conservative estimate of the bill, so far, is about £22,000. This guess is probably on the conservative side.

What is the percentage of conservative estimate?

In this paper, this is called conservative estimation [4]. FAA defines conservative material property (A-basis and B-basis) as the value of a material property exceeded by

99%

(for A-basis, 90% for B-basis) of the population with 95% confidence.

What does a conservative approach mean?

adj. 1

favouring the preservation of established customs

, values, etc., and opposing innovation. 2 of, characteristic of, or relating to conservatism. 3 tending to be moderate or cautious.

What is a conservative in simple terms?

Conservatism is a type of political belief that supports emphasis on traditions and relies on the individual to maintain society. … The term is associated with right-wing politics. It has been used to describe a wide range of views.

What does the term conservative mean 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. After the French Revolution, they contended that gradual changes should be brought in the society.

What is a high estimate?

high estimate means

an optimistic estimate of the quantity that will actually be recovered

. It is unlikely that the actual remaining quantities recovered will exceed the high estimate.

What is an aggressive estimate?

Estimates for activity duration in the Critical Chain/Buffer Management (CC/BM) approach are assumed to be aggressive estimates and refer to the

distinction between the average estimate and the low-risk estimate of an activity duration

.

What does it mean for statistical analysis to be conservative?

In statistics, “conservative” specifically refers to

being cautious when it comes to hypothesis tests

, test results, or confidence intervals. Reporting conservatively means that you’re less likely to be giving out the wrong information.

What is conservative test?

A test is conservative if, when constructed for a given nominal significance level,

the true probability of incorrectly rejecting the null hypothesis is never greater than the nominal level

. Exact test. A test in which the significance level or critical value can be computed exactly, i.e., without any approximation.

Which Alpha is more conservative?

When setting up a study, a risk threshold above which H0 should not be rejected must be specified. This threshold is referred to as the significance level alpha and should lay between 0 and 1.

Low alpha’s are more conservative

. The choice of alpha should depend on how dangerous it is to reject H0 while it is true.

What is the opposite of a conservative approach?

Senior Member

Depending on the context, you can use

optimistic estimate

, pessimistic estimate, precise estimate, realistic estimate, and reasonable estimate.

Which party is conservative?

Republican Party Membership (2021) 36,132,743 Ideology Majority: • Conservatism Factions: • Centrism • Neoconservatism • Libertarianism • Right-wing populism European affiliation European Conservatives and Reformists Party (regional partner) International affiliation International Democrat Union

What’s the difference between conservative and libertarian?

Those on the right, including American conservatives, tend to favor more freedom in economic matters (example: a free market), but more government intervention in personal matters (example: drug laws). … Libertarians favor both personal and economic freedom and oppose most (or all) government intervention in both areas.

What is conservative treatment for fractures?

Traditional conservative treatment of fractures is based on three basic principles of fracture management; namely,

reduction of fracture

, holding the fracture reduced and keeping it reduced in a supported environment (such as a cast or splint) till the fracture heals.

Rachel Ostrander
Author
Rachel Ostrander
Rachel is a career coach and HR consultant with over 5 years of experience working with job seekers and employers. She holds a degree in human resources management and has worked with leading companies such as Google and Amazon. Rachel is passionate about helping people find fulfilling careers and providing practical advice for navigating the job market.