QuickHelper

(10)

$20/per page/

About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 4 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 05 Sep 2017 My Price 11.00

Discuss the importance of constructing confidence intervals for the population mean

This week you will begin working on Phase 2 of your course project. Using the same data set and variables for your selected topic, add the following information to your analysis:

  1. Discuss the importance of constructing confidence intervals for the population mean.
    • What are confidence intervals?
    • What is a point estimate?
    • What is the best point estimate for the population mean? Explain.
    • Why do we need confidence intervals?
  1. Based on your selected topic, evaluate the following:
    • Find the best point estimate of the population mean.
    • Construct a 95% confidence interval for the population mean. Assume that your data is normally distributed and σ is unknown.
      • Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
    • Write a statement that correctly interprets the confidence interval in context of your selected topic.
  1. Based on your selected topic, evaluate the following:
    • Find the best point estimate of the population mean.
    • Construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and σ is unknown.
      • Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
    • Write a statement that correctly interprets the confidence interval in context of your selected topic.
  1. Compare and contrast your findings for the 95% and 99% confidence interval.
    • Did you notice any changes in your interval estimate? Explain.
    • What conclusion(s) can be drawn about your interval estimates when the confidence level is increased? Explain.

This assignment should be formatted using APA guidelines and a minimum of 2 pages in length.

Answers

QuickHelper
(10)
Status NEW Posted 05 Sep 2017 07:09 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)
Relevent Questions