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Problem-
Discuss the key features of non-probability sampling and provide examples of where different approaches might be useful.
Additional information-
This problem relates to Basic Statistics and it discuss about the key features of non-probability sampling with different approaches and examples.
The objective is to maximize the expected net return. Define the optimal value function and give the optimality equation. Find the optimal policy.
Take a deck of cards. A deeck has 52 cards with two major colors(Red and Black), with 26 cards each. Red colors comes in two shapes(heart and diamond)
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You've two separate sets of data. From one set you calculate the standard error to be 500. From the other set, the standard error was 5.
5 cups of coffee per day with a standard deviation of 1.5. The distribution is normal. What proportion of faculty consume an amount between 4 and 6 cups?
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