Why is population shape of concern
Central limit theorem and uses of sample size.
1. State the main points of the Central Limit Theorem for a mean.
2. Why is population shape of concern while estimating a mean? What does sample size have to do with it?
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Suppose that your utility depends only on your consumption/income in either possible outcome.
You're conducting a survey at the college with 800 students, 50 faculty members and 150 administrative staff member.
Assume there are 15 males and 35 females in our class. Of the 15 males, 6 are seniors. Of the 35 females, 13 are seniors.
Why is population shape of concern while estimating a mean? What does sample size have to do with it.
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In 1992, FAA conducted 86,991 pre-employment drug tests on job applicants who were to be engaged in safety and security-related jobs, and found that 1,143 were positive.
observe in interest rates charged by the three kinds of lenders and discuss what you can learn from your observations about credit markets in low income developing nation.
Hypothesis testing for difference between two mean suppose equal variances.
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