Describe general process of constructing confidence interval

Reference no: EM131808609

Question: a. Describe the general process of constructing confidence intervals and performing hypothesis tests using the rule of thumb when you have an estimator and its standard error.

b. If you also know the number of degrees of freedom, how would your answer change to be more exact?

Reference no: EM131808609

Questions Cloud

Calculate the company break-even point in sales : Calculate the company's break-even point in sales dollars for the year 2017 if it hires its own sales force to replace the network of agents

What is an unpaired t-test : What new assumption is needed for the unpaired t-test to be valid for small samples? What can you do if this assumption is grossly violated?

What is the marginal benefit of the 2nd car wash each month : What is the marginal benefit of the 2nd car wash each month? What is the optimal number of car washes per month? Why? Draw a graph to justify your responses.

Discuss what is the companys after tax cost of debt : These bonds have a face value of $1,000 and a current market price of $1,060. What is the company's after tax cost of debt if its tax rate is 35 percent

Describe general process of constructing confidence interval : Describe the general process of constructing confidence intervals and performing hypothesis tests using the rule of thumb when you have an estimator.

What would you like to learn in this course : What comes to mind when you think of economics/economists? What would you like to learn in this course?

Significant difference on average between age of customers : To help your restaurant marketing campaign target the right age levels, you want to find out if there is a statistically significant difference, on the average.

Compute the current ratio and acid-test ratio : Compute the current ratio and acid-test ratio (round to one decimal); Compute the debt ratio and equity ratio (round the percent to one decimal)

Elasticity of demand between petrol and fuel-efficient : Is the cross-price elasticity of demand between petrol and fuel-efficient small cars positive or negative?

User Account

All Pages