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Author Question: Explain briefly why interval estimators are preferred to point ... (Read 47 times)

charchew

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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.



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shaikhs

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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

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Reply 2 on: Aug 1, 2018
Thanks for the timely response, appreciate it


kswal303

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Reply 3 on: Yesterday
Gracias!

 

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