This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain briefly why interval estimators are preferred to point ... (Read 11 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Aug 1, 2018
Explain briefly why interval estimators are preferred to point estimators.

Question 2

An official from the securities commission estimates that 75 of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry. Find the probability that all 15 have profited from insider information.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Aug 1, 2018
Answer to Question 1

An interval estimator incorporates the effects of sample size, but point estimators don't have the capacity to do this.

Answer to Question 2

0.0134


charchew

  • Member
  • Posts: 579
Reply 2 on: Aug 1, 2018
Gracias!

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Effect of changing a set point for hypothalamic values Effect of changing a set point for hypothalamic values
One-point linear perspective. One-point linear perspective.
Nancy Rubins, Pleasure Point. Nancy Rubins, Pleasure Point.
Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ... Graph showing how the boiling point of the coolant increases as the percentage of antifreeze in ...
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
Please fully explain in detail Please fully explain in detail
Video: Polysaccharides

For a complete list of videos, visit our video library