Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In constructing the interval estimate, the small sample approach is used when the sample size is at most 30 while the large sample approach is

In constructing the interval estimate, the small sample approach is used when the sample size is at most 30 while the large sample approach is used when the sample size is more than 30. Why do the size of 30 used as the border to differentiate between the small sample approach and large sample approach?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Stochastic Calculus And Applications

Authors: Samuel N Cohen, Robert J Elliott

2nd Edition

1493928678, 9781493928675

More Books

Students also viewed these Mathematics questions

Question

What is regret ? (p. 2 49)

Answered: 1 week ago

Question

2. To store it and

Answered: 1 week ago