What are an advantage and a disadvantage of using only the sample mean to estimate the population
Question:
What are an advantage and a disadvantage of using only the sample mean to estimate the population mean?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (12 reviews)
The advantage of using point estimation is that the s...View the full answer
Answered By
Stacy kosgei
I offer quality, original and timely services; Highly credible and void of plagiarism. Your success is my pleasure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For The Behavioral Sciences
ISBN: 9781452286907
2nd Edition
Authors: Gregory J. Privitera
Question Posted:
Students also viewed these Statistics questions
-
1. A product line is sold in 15 different configurations of packaging. How does the large number of package types influence the value of the chi-squared statistic? 2. Why are chi-squared statistics...
-
Two types of survey questions are open questions and closed questions. An open question allows for any kind of response; a closed question allows for only a fixed response. An open question and a...
-
Some polling agencies ask people to call a telephone number and give their response to a question. (a) List an advantage and a disadvantage of a survey conducted in this manner. (b) What sampling...
-
Integer sort. Write a linear-time filter that reads from standard input a sequence of integers that are between 0 and 99 and prints to standard output the same integers in sorted order. For example,...
-
Under what circumstances would a static budget be appropriate?
-
In Exercises 11 and 12, use a computer algebra system to evaluate the triple iterated integral. 3 2-(2y/3) 6-2y-3z -6573) "* CC 10 0 ze-xy dx dz dy
-
Someone siphoned \(15 \mathrm{gal}\) of gasoline from a gas tank in the middle of the night. The gas tank measures 12 in. wide \(\times 24\) in. long \(\times 18\) in. high and was full when the...
-
What role does communications play is sustaining Texas Nameplates entrepreneurial culture?
-
DISCUSS WITH EXAMPLES METHODS OF FINANCING A NEW ENTERPRISE AND THE FACTORS TO CONSIDER WHEN FINANCING A BUSINESS.
-
Sox Engineering designs and constructs air condi-tioning and heating systems for hospitals and clinics. Currently, the companys staff is overloaded with design work. There is a major design project...
-
Define point estimation and interval estimation.
-
Explain how to determine the effect size of an outcome based on the limits stated for a confidence interval.
-
Metro Inc. is one of Canadas leading food retailers and distributors and operates a network of supermarkets, discount stores, and drugstores. Exhibit 10.9A includes the companys statement of...
-
Which Step completed to create a custom entity with text field and calculated datetime field?
-
Calculate the goodwill in the following: Goodwill is to be calculated at one year's purchase of the last 3 years' average profit. The profit of the first year was Rs. 6,000, second year twice the...
-
At the transport layer , to define the processes we need two identifiers _ _ _ _ _ _ _ _ _ _ _ _ .
-
Prepare the capital budget for the hospital. It is my understanding that the CAT scanner needs replacement during the next fiscal year. Explain, via a return memo, the financial analysis that you...
-
Consider someone you know whom you regard as an exceptionally good person. How much does this person resemble Platos portrait of the just person? How is he or she different?
-
You are building an instruction cache for a MIPS processor. It has a total capacity of 4C = 2 c+2 bytes. It is N = 2 n -way set associative (N 8), with a block size of b = 2 b bytes (b 8). Give...
-
Assume that your audit team has established the following parameters for the examination of ELM's sales transactions: LO G-3 Risk of incorrect acceptance...
-
Hallam, Price, and Katsarou (2002) investigated the influence of background noise on classroom performance for children aged 10 to 12. In one part of the study, calming music led to better...
-
It appears that there is some truth to the old adage "That which doesn't kill us makes us stronger." Seery, Holman, and Silver (2010) found that individuals with some history of adversity report...
-
Does posting calorie content for menu items affect people's choices in fast food restaurants? According to results obtained by Elbel, Gyamfi, and Kersh (2011), the answer is no. The researchers...
-
A consultant advises that a fund pays out $100,000 at the end of 5 years. Provided $12,000 is invested in the fund at the start of each year, beginning immediately and continuing up to and including...
-
Durco Automotive needs a $2 million balance in its contingency fund 3 years from now. The chief financial officer (CFO) wants to know how much to deposit now into Durco's high-yield investment...
-
3. Create a chart for gross margin less R&D and capital costs calculations. a. Calculate gross margin less R&D and capital costs for options A and B. b. Graph total gross margin less R&D and capital...
Study smarter with the SolutionInn App