This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain briefly why interval estimators are preferred to point ... (Read 64 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Aug 1, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaikhs

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Aug 1, 2018
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

  • Member
  • Posts: 579
Reply 2 on: Aug 1, 2018
Great answer, keep it coming :)

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Male tule elk in Point Reyes Male tule elk in Point Reyes
Development of an atherosclerotic plaque that progressively narrows the lumen of an artery to the po Development of an atherosclerotic plaque that progressively narrows the lumen of an artery to the po
Point Sources of Pollution Point Sources of Pollution
Two-Point Threshold Device for Measuring Touch Acuity Two-Point Threshold Device for Measuring Touch Acuity
A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
The Method for Determining the Two-Point Discrimination Threshold The Method for Determining the Two-Point Discrimination Threshold
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library