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What is wrong with using conventional estimated se formula

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Reference no: EM13882335

1. Does autocorrelation have the same effect on the sampling distribution of the percentage of made free throws if µ=0.8? Describe your procedure in answering this question.

2. If autocorrelation is present, what is wrong with using the conventional estimated SE formula (in cell K27)? How do you know?
HINT: Use the MCSim.xla add-in to run a Monte Carlo simulation on cell K27.

Reference no: EM13882335

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