Determine the sample size for the estimate of the population

Assignment Help Econometrics
Reference no: EM131048060

Why is it difficult to determine the sample size for the estimate of the population error with a given confidence and pre-determined precision.

Reference no: EM131048060

Questions Cloud

Objective probability and subjective probability : a. Define chance of loss.b. What is the difference between objective probability and subjective probability?
Explain the historical definition of risk : a. Explain the historical definition of risk. b. What is a loss exposure?
Identify individually significant items : Identify the remaining steps which Rong & Wright should include in the outline of the sampling plan. [Adapted and reprinted with permission from AICPA. Copyright © 2000 & 1985 by American Institute of Certified Public Accountants]
Why does this test have limited value : Why does this test have limited value?
Determine the sample size for the estimate of the population : determine the sample size for the estimate of the population
The following characteristics of a typical insurance plan : Explain each of the following characteristics of a typical insurance plan. a. Pooling of losses
Which circumstances will the results be the same : which circumstances will the results be the same?
Buildings in flood zones are difficult to insure : Buildings in flood zones are difficult to insure by private insurers because the ideal requirements of an insurable risk are difficult to meet. a. Identify the ideal requirements of an insurable risk.
Provide one example of some kind of information technology : In your first posting, you are expected to provide one example of some kind of information technology tool that helps organizations share knowledge.

Reviews

Write a Review

Econometrics Questions & Answers

  Difference between the final price and the maximum price

A Whoey option pays the difference between the final price and the maximum price of a stock over the period of the the option. For example, if the price of a stock is 200, 220, and 234 in the previous periods

  Which one is riskier product a or product b

Two investments have the following expected returns(net present values) and standard deviation of return. Product A Expected return$50,000 Standard deviation $40,000 Product B Expected return $250,000 Standard deviation $125,00.

  Why the monopolist is in determination of price and output

The industry demand function for bulk plastics is represented by following equation: P = 800 - 20Q Where Q represents millions of pounds of plastic, The total cost function for the industry, exclusive of a required return on invested capital.

  Determine how much do you have in your savings account

Suppose that you are going to buy a BMW that sells for $40,000. Assume that the interest rate on a savings account is 10% and that your savings account currently has $40,000. For simplicity, assume that BMWs are the only good in the economy.

  How does the new integrated system secure information

Evaluate your overall plan. This includes strategies used, recommendations for education and training, return on investment and improvement of quality of care.

  What method of hedging do you recommend to the mnc

An American MNC anticipates a receipt of 850,000,000 Japanese yen on Mach 27. The company expects the Japanese yen to appreciate in the following months. Despite that because of its dollar obligations in that month it does not want to leave its lo..

  Determine the present worth of gas

The utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. At an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 to 10.

  What are the implications in our economy of output

Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increase without a proportional increase in the number of workers

  What is the amount of the first deposit check

A family wants to start an education account in 2010 (1st payment at year end 2010) by making equal annual payments in constant 2010 dollars until the time of the last tuition payment. Calculate the equal annual constant 2010 dollar payment.

  Determine if the dam should be constructed

The U.S. Army Corps of Engineers is considering the feasibility of constructing a small flood control dam in an existing arroyo. The initial cost of the project will be $2.2 million, with inspection and upkeep costs of $10,000 per year.

  What is value that should be used as p for owned vehicle

A truck was purchased 3 years ago for $45,000 and can be sold today for $24,000. The operating costs are $9,000 per year, and it is expected to last 4 more years with a $5,000 salvage value. A new truck, which will perform that same service.

  How much should the store charge for each rental

A local video store estimates their average customer's demand per year is Q = 7 -2P, and knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two part pricing

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!

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