Question
1. ESTIMATES . A recent study reported that an estimated 70% of professionals in Occupational Therapy have considered moving to the US to earn a
1.ESTIMATES. A recent study reported that an estimated 70% of professionals in Occupational Therapy have considered moving to the US to earn a higher salary.The report further stated that this estimate is considered accurate within the three percentage points, and correct 19 times out of 20.
a.Interpret the 70%. Is it the parameter or statistic?
b.What is the meaning of "within 3%" ?
c.Explain what the phrase "19 out of 20" means.
d.Identify the lower and upper bounds of the interval estimate for the parameter.
e.Give your interpretation.
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Performance Analysis And Synthesis For Discrete-Time Stochastic Systems With Network-Enhanced Complexities
Authors: Derui Ding, Zidong Wang, Guoliang Wei
1st Edition
0429880022, 9780429880025
