Consider making an inference about p1 - p2, where there are x1 successes in n1 binomial trials

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Consider making an inference about p1 - p2, where there are x1 successes in n1 binomial trials and x2 successes in n2 binomial trials.
a. Describe the distributions of x1 and x2.
b. Explain why the Central Limit Theorem is important in finding an approximate distribution for (p̂1 - p̂2).
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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