A new formula for estimating the water evaporation from occupied swimming pools was proposed and analyzed in
Question:
a. Estimate the true mean absolute deviation percentage for the new formula with a 90% confidence interval.
b. The American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) handbook also provides a formula for estimating pool evaporation. Suppose the ASHRAE mean absolute deviation percentage is μ = 34%. (This value was reported in the article.) On average, is the new formula "better" than the ASHRAE formula? Explain.
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Related Book For
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
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