Why can you never really have 100% confidence of correctly estimating the population characteristic of interest? Discuss
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
The only way to have 100 confidence is to obtain t...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780133130805
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
Question Posted:
Students also viewed these Statistics questions
-
Why can you never really have 100 percent confidence of correctly estimating the population characteristic of interest?
-
Why can a countrys nominal interest rate never be negative? Why can a countrys real interest rate indeed be negative? If a country has a negative real rate, do you think that this suggests that the...
-
Discuss why estimating the value for a bond is easier than estimating the value for common stock.
-
In his book, The Federal Land Revisited, Marion Clawson proposed what he called the pullback concept: Under the pullback concept any person or group could apply, under applicable law, for a tract of...
-
Te assets and liabilities of Weston, Inc., as of December 31, 2014, and revenues and expenses for the year ended on that date follow: Beginning retained earnings was $109,600, and dividends declared...
-
A 60-mm-radius disk spins at the constant rate ?2 = 4 rad/s about an axis held by a housing attached to a horizontal rod that rotates at the constant rate ?1 = 5 rad/s. For the position shown,...
-
You are working for a company that is interested in mapping geological formations in Earth's crust by examining variations in the magnitude of the magnetic field at Earth's surface. Your assignment...
-
At the end of 2012, Sawyer Company is conducting an impairment test and needs to develop a fair value estimate for machinery used in its manufacturing operations. Given the nature of Sawyer??s...
-
14.An equi-concave lens of radius of curvature 15 cm and = 1.5 is placed in water (=1.33). If one surface is silvered, then image distance from lens when an object is placed at distance of 14 cm from...
-
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
-
A market researcher selects a simple random sample of n = 100 Twitter users from a population of over 100 million Twitter registered users. After analyzing the sample, she states that she has 95%...
-
Why is the sample size needed to determine the proportion smaller when the population proportion is 0.20 than when the population proportion is 0.50? Discuss.
-
An experimental vehicle is tested on a straight track. It starts from rest, and its velocity v (in meters per second) is recorded every 10 seconds for 1 minute (see table). (a) Use a graphing utility...
-
To account for an insufficient funds check from a customer, you must have a service item for the bounced check. What account should you select for the income account when setting up the bounced check...
-
Bar Codes versus RFID You work as an efficiency analyst at one of the largest retail companies in the world, with multiple stores in every state, as well as in many other countries. For the past...
-
A museum plans to open a gift shop where it will sell t-shirts with the museum logo. To finance the opening of the shop, the museum: takes out a $20,000 loan with a 5.0% annual interest rate and...
-
Assuming that they apply when they have $5,000/month in income, what other safety net options do they have if they are not eligible for Medicaid or CHIP? (Note: You do not need to analyze Marketplace...
-
A study in a developing country includes healthy participants. What should be considered when preparing the protocol?
-
Most business students must take a course in business communication. These courses cover the planning and preparation of oral and written communications, including e-mails. E-mails have become...
-
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175
-
Warranty records show that the probability that a new computer will need warranty service in the first 90 days is 0.01. a. If a sample of five computers is selected, what is the probability that one...
-
An official from the securities commission estimates that 25% of all investment bankers have profited from the use of insider information. If 15 investment bankers are selected at random, find the...
-
Companies that sell mutual funds charge their investors expense fees to offset the costs of research and administration. The distribution of expense fees is normal, with a mean of 2.5% and a standard...
-
Wanda is reviewing her tax returns from the previous year and is shocked at how much tax she paid the government. She had good income but had to pay a large number of self-employment taxes on top of...
-
Katies Cleaning Service has cleaning contracts for 15 apartments, 45 family homes, and 25 office buildings. She estimates that an apartment takes 4 hours to clean, a home takes 6 hours to clean, and...
-
1. Quikpak sells returnable containers to major food processors. The price received for the containers is 2 per unit. Of this amount 1.25 is profit contribution. Quikpak is considering an attempt to...
Study smarter with the SolutionInn App