When a population mean is unknown, people will often approximate it with the mean of a large
Question:
When a population mean is unknown, people will often approximate it with the mean of a large sample. Explain why this is justified.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
It is known from past experience that for students who studied AMA1110 for at least 100 hours, their chance of passing the exam is 0.95, while for those who studied AMA1110 for less than 100 hours,...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
-
Question 1 of 5 Which statement best illustrates Crusoe's reasons for teaching Friday about his religion? OA. He does not see Friday as a savage but as a soul worthy of saving. B. He thinks Friday...
-
Do the GM and Ford returns seem positively correlated? Do you notice any outlying returns? If yes," do outlying GM returns seem to occur with outlying Ford returns?
-
Determine the steady-state temperatures of two radiation shields placed in the evacuated space between two infinite planes at temperatures of 555 K and 278 K. The emissivity of all surfaces is 0.8....
-
How can the Sports Exports Company use currency futures contracts to hedge against exchange rate risk? Are there any limitations of using currency futures contracts that would prevent the Sports...
-
Entrepreneur Chris Martin of Martin Guitar (see Chapter opener) uses a costing system with standard costs for direct materials, direct labor, and overhead costs. Two comments frequently are mentioned...
-
1. Project Management $306,300 20% 1.1 Project manager $96,000 1.2 Project team members $144,000 1.3 Contractors (10% of software development and testing) $66,300 2.0 Hardware $76,000 5% 2.1 Handheld...
-
An environmental scientist is counting the number of bacteria in a sample of wastewater. The number of bacteria has a Poisson distribution with = 3 per microliter. What is the probability that...
-
Which of the following tables represent probability distributions? a. x P(x) b. x P(x) C. x P(x) 0 0.45 4 0.27 1 0.02 1 0.15 5 0.15 2 0.41 2 0.30 6 0.11 3 0.24 3 0.10 7 0.34 4 0.33 8 0.25
-
A round, thin-walled tube is subjected to tension in the elastic range. Show that both the thickness and the diameter of the tube decrease as tension increases.
-
Consider a security that pays annual dividends. It just paid $2.50 dividends per share and the next dividend will be paid in 1 year. The dividend is expected to grow at the rate of 6% per annum for...
-
Given the following information, what is the desired profit margin? D/E = 2 current profit margin = 10% R = 0.6 capital intensity ratio = 2 desired sustainable growth rate = 15%
-
Bless Inc. manufactures a single product in which variable manufacturing overhead is assigned on the basis of direct labor hours. The company uses a standard cost system and has established the...
-
A horizontal spring with a spring constant k = (7.17x10^4) N/m is uncompressed from an extension Ax = (6.1870x10^0) cm back to its unstretched length. Calculate the change in potential energy in...
-
Question 1 Weston Industries has a debt-to-equity ratio of 1.5. Its WACC is 11 percent and its cost of debt is 8 percent. The corporate tax rate is 35 percent. Using the MM Proposition 2 with tax...
-
Fontana Co. began operations on July 1. It uses Instructions(a) Determine the ending inventory under a perpetual inventory system using (1) FIFO,(2) moving-average cost, and (3) LIFO.(b) Which...
-
Suppose you won a financial literacy competition and are given FJS10000 to invest, with the condition that investment can be done either in, i) Invest in Unit trust of Fiji or Invest in Fijian...
-
Harley has two lines of businessa manufacturing/retail operation and a finance subsidiary. Harley's dealers are independent of Harley and sell motorcycles and related products (e.g. Harley apparel)....
-
Autumn Manufacturing mass produces its product in three departments. A cost analysis for Department 1, the first department in the manufacturing cycle for the month of April, can be found in the...
-
Based on the? accounts, create the journal entries that resulted from the six transactions. Include explanations with each journal entry. Cash Supplies Building Equipment (1) 35,000 (4) 10,000 (2)...
Study smarter with the SolutionInn App