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I chose b. but it is incorrect on the quiz I took. A manager is asked to estimate the most likely level of next month's
I chose b. but it is incorrect on the quiz I took.
A manager is asked to estimate the most likely level of next month's sales. She is then asked to make (1) a pessimistic estimate, and (2) an optimistic estimate such that there is a 99% probability that the actual sales will fall in the interval between the pessimistic and the optimistic estimates. According to research this interval is most likely to be:
Select one:
a. about the right width
b. too wide
c. too narrow
d. too narrow to include the most likely estimate
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