Find the margins of error associated with a given chance

Reference no: EM131412076

In practice, people do not know the population mean like you did in step 2 and do not have several estimates to get a sampling distribution of a sample mean. Suppose you have only one sample. In that case you would need to use theoretical results.

If you have studied the central limit theorem, find the margins of error associated with a chance of .90 and a chance of .95. Compare these values with those calculated in step 2.

Reference no: EM131412076

Questions Cloud

Which one would generally give a better estimate : If you have a choice between two estimates, the sample mean from a sample of size 5 and a sample mean from a sample of size 10, which one would generally give a "better" estimate? Clearly state your definition of "better."

Calculate the amount of money : Emma place euro 8000in a bank account that pays nominal interest rate of 5 percent per annum, compounded quarterly. Calculate the amount of money that Emma would have in her account after 15 years.

Evaluate security policy clauses : Evaluate security policy clauses, identify deficiencies, and update policies in response to events or changes

Prepare a journal entry to record completed production : Accounting 103 Midterm Examination Part 1. Assume the completed production for August includes Job 317, 318, and 319 with total costs of $31,000, $18,000, and $22,000 respectively. Determine the cost of unfinished jobs at August 31 and prepare a jou..

Find the margins of error associated with a given chance : If you have studied the central limit theorem, find the margins of error associated with a chance of .90 and a chance of .95. Compare these values with those calculated in step 2.

Shares of abc corporation stock : Mr. R. owns20,000 shares of ABC Corporation stock. The company is planning to issue a stock dividend. Before the dividend Mr. R. owned 10 percent of the outstandingstock, which had a market value of$200,000, or$10 per share. Upon receiving the 10 ..

What are primary and secondary markets : What are primary and secondary markets? What is the difference between a primary market and a secondary market? Your response should be at least 200 words in length.

Determining the average tax rate : Their capital structure includes both preferred and common stock and they paid $10,000 and $15,000 respectively in dividends. Given all that I need you to tell me three things: What was their federal tax bill, what was their average tax rate, what ..

Create a hardware and software inventory of your network : Creating a complete hardware or software inventory of your network can be a daunting task. Several methods, from simple VBScripts to high-end software programs, can automate this chore. In this project, you use Network Asset Tracker from MIS Utili..

User Account

All Pages