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Central Limit Theorem, Confidence Interval, Hypothesis Testing
Read chp. 8, 9, & 10 Write a 300-500 word essay and describe the following terms: 1. Central Limit Theorem and its application. 2. Confidence intervals using sample means and sample proportions. 3. Describe the steps in testing a hypothesis. 4. Define p-value and explain why p-value is needed in testing hypotheses Lind, D., & Marchal, W. (2015). Statistical techniques in business & economics 16th ed.). McGraw-Hill.
Which distribution should be used to create 80% confidence interval?
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