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Flow Chart for Confidence Interval
We can now prepare a flow chart for estimating a confidence interval for μ, the population parameter.
Figure
Assume that the normal distribution applies and find the critical z value(s). A = 0.04; H1 is mean ≠ 98.6 degrees Fahrenheit. Dteremine the value of Z. Find the value of the
Admissibility A very common concept which is applicable to any procedure of the statistical inference. The underlying notion is that the procedure/method is admissible if and o
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Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE
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