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The 95% confidence interval for the average number of customers in a queueing system is obtained as 6.48 +3.94 from 10 replications. What can
The 95% confidence interval for the average number of customers in a queueing system is obtained as 6.48 +3.94 from 10 replications. What can you say about the absolute precision of this confidence interval? How can you reduce the width of the interval to less than 4?
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The absolute precision of a confidence interval is determined by its width which in this case is 2 times the margin of error The margin of error is ha...
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Introduction To Management Science A Modeling And Cases Studies Approach With Spreadsheets
Authors: Frederick S. Hillier, Mark S. Hillier
5th Edition
978-0077825560, 78024064, 9780077498948, 007782556X, 77498941, 978-0078024061
