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Author Question: If the payoffs are quantities such as losses or costs, which we want to make small, we use the ... (Read 109 times)

javeds

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on: Jul 25, 2018
If the payoffs are quantities such as losses or costs, which we want to make small, we use the minimax
  criterion.
 
  Indicate whether the statement is true or false

Question 2

A random sample of 10 parking meters in a resort community showed the following incomes for a day. Assume the incomes are normally distributed. Find the 95 confidence interval for the true mean.
 
  Round to the nearest cent.
   3.60 4.50 2.80 6.30 2.60 5.20 6.75 4.25 8.00 3.00
  A) (4.81, 6.31 ) B) (3.39, 6.01 ) C) (1.35, 2.85 ) D) (2.11, 5.34 )


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ynlevi

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Reply #1 on: Jul 25, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


javeds

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Reply 2 on: Jul 25, 2018
Great answer, keep it coming :)

komodo7

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  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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