Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 09, 2024

If X is a sample observation corresponding to population with mean and variance 2 and X ba r is the average of sample observations.If you

If X is a sample observation corresponding to population with mean and variance ² and X_baris the average of sample observations.If you want to pick X or X_bar as the estimate of population mean, which one you will pick and why?Explain your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics For The Trades A Guided Approach

Authors: Hal Saunders, Robert Carman Emeritus

11th Edition

0134756967, 9780134756967

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/ fred2/) and find the most recent values for the following four variables: (1) M1 Money Stock (M1), (2) the...

Answered: 1 week ago

Question

★★★★★

What is your purpose in giving this oral presentation? Is there (should there be) a long-range purpose?

Answered: 1 week ago

Question

★★★★★

Explain the difference between promotion and advertising.

Answered: 1 week ago

Question

★★★★★

Keel Company purchased a building and land with a fair market value of $650,000 (building, $550,000, and land, $100,000) on January 1, 2016. Keel signed a 20-year, 8% mortgage payable. Keel will make...

Answered: 1 week ago

Question

★★★★★

State whether the discriminant is POSITIVE, NEGATIVE, or ZERO. (1 pt EACH) -2- .2 - 2 3 4 5 6 10. 11. 12

Answered: 1 week ago

Question

★★★★★

Is sales returns and allowances a prepayment or accrual expense

Answered: 1 week ago

Question

★★★★★

Selto & Company manufactures and sells T-Shirts for advertising and promotional purposes. The company has two manufacturing operations, shirt-making and printing. When the company receives an order...

Answered: 1 week ago

Question

★★★★★

The division accountant uses the new employee information and the employee review form to prepare payroll action notices. The accountant signs the payroll action notices and files them by date with...

Answered: 1 week ago

Question

★★★★★

CLUB TED EXERCISE 1 Round 1 Determined to live a life where winter is a distant memory, you are establishing a new resort business on a small tropical island. Building has started, and you are...

Answered: 1 week ago

Question

★★★★★

Table 1 shows activities and durations required to complete a specific project. Activity A Table 1 Predecessor Duration H B A I C A J B K E B, D L F C, E M G F N a. Use information from Table 1 to...

Answered: 1 week ago

Question

★★★★★

Supposed you were tasked to build and test a screen form for new systems. You have determined the tasks, their relationships and estimated duration as shown below. Task ID Predecessor A B C E IF G...

Answered: 1 week ago

Previous Question Next Question