Find the appropriate values of n1 and n2 (assume that LO5 n1 = n2) needed to estimate
Question:
Find the appropriate values of n1 and n2 (assume that LO5 n1 = n2) needed to estimate 1m1 - m22 with
a. A sampling error equal to 3.2 with 95% confidence.
From prior experience, it is known that s1 ≈ 15 and s2 ≈ 17.
b. A sampling error equal to 8 with 99% confidence. The range of each population is 60.
c. A 90% confidence interval of width 1.0. Assume that s1 2 ≈ 5.8 and s2 2 ≈ 7.5.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities