The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 438 Weeks Ago, 1 Day Ago |
| Questions Answered: | 9562 |
| Tutorials Posted: | 9559 |
bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Refer to Exercises 6.4 and 6.5. By using a regression estimator, estimate the mean earnings my and place a bound on the error of estimation. Compare your answer with that in Exercise 6.5. Are there any advantages to using the regression estimator here?
Exercises 6.4
A corporation is interested in estimating the total earnings from sales of color television sets at the end of a three-month period. The total earnings figures are available for all districts within the corporation for the corresponding three-month period of the previous year. A simple random sample of 13 district offices is selected from the 123 offices within the corporation. Using a ratio estimator, estimate ty and place a bound on the error of estimation. Use the data in the accompanying table and take tx = 128,200
Exercise 6.5
Use the data in Exercise 6.4 to estimate the mean earnings for offices within the corporation. Place a bound on the error of estimation.
Â
Â
-----------