Describe some time when you had to purchase some major items and had two or more alternatives. How did you evaluate the cost-vs benefits of each of the alternatives? Ultimately, how did you determine which alternative to purchasing? Looking back on that purchase, do you regret your decision or believe that some other choice would have been better.
What assumption is necessary for the confidence interval analysis to work properly? A) The population that we are sampling from needs to be
What assumption is necessary for the confidence interval analysis to work properly? A) The population that we are sampling from needs to be approximately normally distributed. B) The Central Limit theorem guarantees that no assumptions about the population are necessary. C) The sampling distribution of the sample mean needs to