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Author Question: Which statistic appears to be more efficient? What will be an ideal ... (Read 61 times)

809779

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on: Jun 24, 2018
Which statistic appears to be more efficient?
 
  What will be an ideal response?

Question 2

If you want to be 80 sure you did not get your valentine something unwanted, what should you avoid buying? How does the Pareto diagram show this?
 
  What will be an ideal response?


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upturnedfurball

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Reply #1 on: Jun 24, 2018
Answer to Question 1

The sample mean has the smallest standard error, so it appears to be most efficient in this situation.

Answer to Question 2

Teddy bears, chocolates, jewelry; these are listed first in the Pareto diagram and account for 85.


809779

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
Wow, this really help

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