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Confidence Interval
The interval estimate or a 'confidence interval' consists of a range as an upper confidence limit and lower confidence limit whether we are confident that a population parameter lies and we assign a probability that this interval includes the true population value
The confidence limits are the outer limits to a confidence interval. Confidence interval is the interval among the confidence limits. The higher the confidence level the greater the confidence interval. For illustration:
A normal distribution has the given characteristic as:
i. Sample mean ± 1.960 σ contains 95 percent of the population
ii. Sample mean ± 2.575 σ contains 99 percent of the population
The value of y that minimizes the sum of the two distances from (3,5) to (1,y) and from (1,y) to (4,9) can be written as a/b where a and b are coprime positive integers. Find a+b.
Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of 8% per year. How many years will it take him to pay off the loan? Using the easy interest formula I
Method In this method we eliminate either x or y, get the value of other variable and then substitute that value in either of the original equations to
Discrete Uniform Distribution Acme Limited is a car manufacturer. The company can paint the car in 3 possible colors: White, Black and Blue. Until the population is sampled, th
The following relation is not a function. {(6,10) ( -7, 3) (0, 4) (6, -4)} Solution Don't worry regarding where this relation came from. It is only on
angel 1 and angel 2 are what angels?
a company''s advertising expenditures average $5,000 per month. Current sales are $29,000 and the saturation sales level is estimated at $42,000. The sales-response constant is $2,
Case 1: Suppose we are given expressions like 3abc and 7abc and asked to compute their sum. If this is the case we should not worry much. Because adding like exp
The equation ax2 + 2hxy + by2 =0 represents a pair of straight lines passing through the origin and its angle is tan q = ±2root under h2-ab/(a+b) and even the eqn ax2+2hxy+by2+2gx+
Evaluate: 30 - 12÷3×2 =
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