User Account

All Pages

Advantages of using a confidence interval

Assignment Help Basic Statistics
Reference no: EM131913093

Discuss the advantages of using a confidence interval. 

Give an example of a large population of data that is suited to a confidence interval estimate

Reference no: EM131913093

Questions Cloud

Prepare a schedule showing the distribution of net income : McGill and Smyth have capital balances on January 1 of $41,000. Prepare a schedule showing the distribution of net income, assuming net income is $27,000.
What is the variance of the distribution of means : Your sample of 12 people is being compared to a known population with a mean of 200 and a variance of 36. What is the variance of the distribution of means?
What is the maximum share price that happy times should be : In order to establish an immediate presence in the area, the company is considering the purchase of the privately held Joe's Party Supply.
What is the symbol for estimate : Be able to estimate s when all you have is a sample's variance/standard deviation.
Advantages of using a confidence interval : Give an example of a large population of data that is suited to a confidence interval estimate
Find the current value of one share of this stock : The company is planning on increasing its annual dividend by 20% a year for the next four years and then decreasing the growth rate to 5% per year.
Compute the corresponding z or t value as appropriate : What is the value of the sample test statistic? Compute the corresponding z or t value as appropriate.
How much cash can mcewen company expect to collect : McEwen Company has budgeted the following credit sales. How much cash can McEwen Company expect to collect in November as a result of credit sales?
Calculate what was your percent return : Investment Return HillCom Corp stock was $75.40 per share at the end of last year. Since then, it paid a $2.90 per share dividend last year.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Five frequency distributions

Construct a histogram corresponding to each of the five frequency distributions, I-V, given in the following table, and state whether each histogram

  Methods to find the probability in question

For one of the situations in the preceding exercise, we can use this chapter's methods to find the probability in question.

  Verify that conditions are satisfied and find p value

What are the hypotheses?- Verify that the conditions are satisfied and find the P-value.- Would you recommend this program based on what you see here? Explain.

  Find probability of attending classes

Alice attends a small college in which each class meets only once a week. She is deciding between 30 non-overlapping classes.

  How many pages should the manufacturer advertise

How many pages should the manufacturer advertise for each cartridge if it wants to be correct 90 percent of the time?

  How core body temperature changed over time

a. A scatterplot was used to see how core body temperature changed over time.

  Was the community experience better or worse than expected

Newgroveton is a community of 445,000. In the most recent year, there were 750 new cases of disease A in the community.

  Life insurance policies for eight persons

The following data give the annual incomes (in thousands of dollars) and amounts (in thousands of dollars) of life insurance policies for eight persons.

  If you only had available a fair coin

a) How could you simulate a biased coin landing heads with probability p = 1/3 if you only had available a fair coin?

  What should the average weight be if the production manager

The weight of a product is normally distributed with a standard deviation of .5 ounces. What should the average weight be if the production manager wants no more than 5 percent of the products to weight more than 5.10 ounces.

  The daily milk production of cows is normally distributed

the daily milk production of cows is normally distributed with a mean of about 35 kgday and a standard deviation of 7

  Investigate the link between given two variables

Investigate the link between these two variables by conducting a complete simple linear regression analysis of the data. Summarize your findings in a professional report.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd