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Why wonat just giving an enormously wide range

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ignment

1. There are four methods or tricks for improving your calibrated estimates. Please list all four in your answer â thoroughly.

2. Why is it true that not knowing the exact answer to a question isnât the same as knowing nothing at all about the answer to the question?

3. If you give a range of possible answers (i.e. a lower bound and upper bound within a 90% confidence interval) and then feel like you have no possible way of knowing whether the true or correct value is in that range then what does that say about your aforementioned 90% confidence interval?

4. Why wonât just giving an enormously wide range, virtually guaranteeing the real answer is somewhere within the range, satisfy the conditions for a 90% confidence interval?

5. What good does it do to have ranges of numbers when theyâre not ostensibly easy to work with math-wise?

Reference no: EM131557549

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