1 a printout in the back of a market report summarized, Ask an Expert

Statistics

1. A printout in the back of a market report summarized sales in retail outlets with two intervals but did not label which was a confidence interval for the mean and which was a prediction interval. If both are 95% intervals, can you tell which is which? If so, how?

2. The manager of the HR group needs to hire a new technical analyst and wants to offer the next candidate an attractive salary. Which is more useful to the manager, a prediction interval for the salary of a new technical analyst or a confidence interval for the median salary of a technical analyst?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91725074

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Letnbspxnbspbe a random variable that represents the ph of

Let x be a random variable that represents the pH of arterial plasma (i.e., acidity of the blood). For healthy adults, the mean of the x distribution is μ = 7.4.† A new drug for arthritis has been developed. Howeve ...

A restaurant manager classifies customers as regular

A restaurant manager classifies customers as regular, occasional, or new, and finds that of all customers 50%, 40%, and 10%, respectively, fall into these categories. The manager found that wine was ordered by 70% of the ...

A quiz consists of 70 multiple choice questions each with

A quiz consists of 70 multiple choice? questions, each with five possible? answers, only one of which is correct. If a student guesses on each? question, what is the mean and standard deviation of the number of correct? ...

Show your worksheel inc has 7 percent coupon compounded

Show your work Sheel INC. has 7 percent coupon ( compounded semiannually) bonds on the market with 10 years to maturity, and the par value of $1,000. At what price should bonds be selling for if the YTM is 5%? Had the bo ...

Your client wants to save 500000 for his retirement he

Your client wants to save $500,000 for his retirement. He plans to retire in 20 years. How much must he deposit in his individual retirement account now, assuming that the account pays a fixed rate of 8% annually, to mak ...

What would be examples of valid selection methods used by

What would be examples of valid selection methods used by the human resource department to ensure selecting the appropriate candidate for a job.

Discuss if you think policy makers truly represent the

Discuss if you think policy makers truly represent the citizenry or are they pressured by third party special interest groups that support their campaigns. Should they represent both?

A researcher records the following body mass index bmi

A researcher records the following body mass index (BMI) scores for a group of participants: 29.1 1.3 (M SD). Participants who score between 26 and 30 on this scale are categorized as overweight. What proportion of parti ...

Can a business have too much money in cash meaning cash on

Can a business have too much money in Cash, meaning cash on hand as well as in checking and savings accounts? What if a business had 100 million dollars in these cash accounts but only needed half of that for what Keynes ...

A clothing quality director determines the accuracy of nfl

A clothing quality director determines the accuracy of NFL Logos on t-shirts. 9% of the shirts made that day are defective. The shirts are sold in packages of 10. Find the probability that in one randomly selected packag ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert