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Confidence Intervals

Many people do not "like" or "trust" single point estimates for things they need measured. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better? Why?

Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why? Please share what they say.

Microeconomics, Economics

  • Category:- Microeconomics
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