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.
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Why is population shape of concern while estimating a mean? What does sample size have to do with it.
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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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