Problem Set IV

Essay specific features

 

Issue:

Business

 

Written by:

Gabriel C

 

Date added:

September 8, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 799

 

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9019 times

 

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Essay content:

What is the value of the population mean? What is the best estimate of this value? The value of the population mean is unknown. However, we have the sample mean to guesstimate it at about 60 pounds. B. Explain why we need to use the t distribution. What assumption do you need to make? Given that the standard deviation of the population is unknown, we need to use the t distribution...
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Explain why we need to use the t distribution. What assumption do you need to make? Given that the standard deviation of the population is unknown, we need to use the t distribution. We need to assume that the population follows normal distribution. C. For a 90 percent confidence interval, what is the value of t? For a 90 percent confidence interval, the value of t is 2...
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