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Author Question: In developing a confidence interval estimate for the population mean, the t-distribution is used to ... (Read 68 times)

daltonest1984

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In developing a confidence interval estimate for the population mean, the t-distribution is used to obtain the critical value when:
 
  A) the sample contains some extreme values that skew the results.
  B) the population standard deviation is unknown.
  C) the sampling that is being used is not a statistical sample.
  D) the confidence level is low.

Question 2

A typical charity raffle involves selling one thousand 50 tickets to win a 30,000 grand prize. If the probability of winning is only 0.002, what is the expected payoff?
 
  A) (35.50 )
  B) 25.65
  C) (50.25 )
  D) 10.10


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Jane

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daltonest1984

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Reply 2 on: Jun 24, 2018
Wow, this really help


robbielu01

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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