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Author Question: What is the subjective approach to probability? ... (Read 12 times)

awywial

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on: Aug 1, 2018
What is the subjective approach to probability?

Question 2

In using the standard normal distribution to construct a confidence interval for the population mean, what assumptions are necessary if the sample size n is less than 30?


leannegxo

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Reply #1 on: Aug 1, 2018
Answer to Question 1

The degree to which one happens to believe that an event will or will not happen.

Answer to Question 2

In this case, we need to assume that the population is normally distributed and the population standard deviation is known.


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