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1. In your own words explain the difference between a point estimate and an interval estimate of a parameter? Which is better? Why?
2. What information is necessary to calculate a confidence interval? Is the size of the population relevant when one is determining the sample size for a confidence interval? What is necessary to determine the sample size?
3. A researcher is interested in estimating the noise levels in decibels at area urban hospitals. He wants to be 90% confident that his estimate is correct. If the standard deviation is 4.8, how large a sample is needed to get the desired information and to be accurate within 0.65 decibels?
suggestions to improve accounting concepts
Background: There was no 2004-05 National Hockey Leagues (NHL) season because of a labour dispute between the players and the teams. One of the outcomes of the labour dispute was
even number
assignment.
Define best appraise To make and calculate of value of a resource, for example a good financial commitment or financial commitment resource, particularly of the value of property
what are its objectives and limitation?
What are the consequences of non-compliance to each accounting concepts?
is about deductions
The life-cycle hypothesis is based on the assumption that people try to smooth their consumption over their expected adult lifetimes. Suppose Tammy expects to live for another T y
what is singular statistics
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