Question: Why does an interval estimate for the population is preferred to a point estimate? Discuss Question 2 In realworld of business(that is how does the

Why does an interval estimate for the population is preferred to a point estimate? Discuss

Question 2

In realworld of business(that is how does the business actually operate), does the researcher usually have access to theinformation about the population mean? Discuss

Question 3 . This question was extracted from Page 263 Question 8.52 Check your understanding

Why is it true that for a given sample size, n, an increase in confidence is achieved by widening (and making less precise) the confidence interval? Discuss and offer examples

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