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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?
Impact of government regulation on managerial Decision making Impact of government regulation on managerial Decision making how methods of control can influence market prices.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Any time period specific for which economical reports are prepared. Talk about FISCAL PERIOD.
Absorption distributions Probability distributions which represent the number of 'individuals' (such as particles) which fail to cross the speci?ed area containing the hazards o
Description of Sample at Baseline 1. Describe the sample characteristics and baseline values, comparing the two groups'characteristics. With any analysis, the first step
Median The median describes the value of the middle term in data. The data set must be ranked first in increasing order before the middle value is identified. The median separa
is about deductions
A simple random sample of n = 300 full-time workers is selected from a company list containing the names of all n = 5000 full-time workers in order to evaluate job satisfaction. Gi
What do u mean by Vectors? Explain its types.
(a) The bank's excess reserves are its actual reserves less required reserves. Actual reserves are given as $450 from its balance sheet. Required reserves are given by the produc
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