Solved: Many people do not like or trust single point estimates for, Microeconomics

+44 141 628 6080
[email protected]

Many people do not like or trust single point estimates for

Confidence Intervals

Many people do not "like" or "trust" single point estimates for things they need measured. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better? Why?

Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why? Please share what they say.

Solution Preview :

Prepared by a verified Expert

Microeconomics: Many people do not like or trust single point estimates for

Reference No:- TGS0969357

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Create a swimlane document flowchart for the following

create a swimlane document flowchart for the following fitter snacker sales process use the swimlanes of customer

Q : What would say in a job interview if you were asked to

what would say in a job interview if you were asked to comment on the following statement a database administrator

Q : How can the principles of a classical conditioning theory

how can the principles of a classical conditioning theory and b instrumental conditioning theory be applied to the

Q : 1 explain why there is a chance that the social

1nbspexplain why there is a chance that the social security trust fund may be depleted by 2035 does this mean that

Q : Many people do not like or trust single point estimates for

confidence intervals many people do not like or trust single point estimates for things they need measured looking

Q : 1 george has a utility function xy2x he has 60 in his

1 george has a utility function xy2x he has 60 in his pocket x cost 4 and y costs 2 what is the optimum bundleuse

Q : Summary members of the class are required to prepare an

summary members of the class are required to prepare an applied research paper with a minimum of 10 pages but not to

Q : A firm has total cost function tc 2x2 3y2 -3xy -3x 30

simple math questiona firm has total cost function tc 2x2 3y2 -3xy -3x 30 find the optimum bundle of x and y that

Q : Suppose that you are trying to put a net present

suppose that you are trying to put a net present discounted value on the nxtbgtng the company is going to lose 20 mil

1925381

Questions
Asked

3,689

Active Tutors

1447349

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What community location be best for type of intervention

What community location would be best for this type of intervention?

Promising step toward reducing silos in healthcare

A promising step toward reducing the silos in the healthcare experience is the introduction of interprofessional education (IPE),

What is enuresis

What is Enuresis? Group of answer choices Without known cause a client regurgitates a bolus of food from the stomach and eats it again.

What is the effect of using j-tip compared to emla

The population (P), intervention (I), comparison (C), outcome (O), and time (T), or PICOT, format was used to prepare the following clinical question

What is te likely cause of symptoms - stiff neck

Mrs. Smith is a runner and like to jog along the highway each morning for about an hour. Over the last month or so she has begun to feel tired

Nursing interventions when caring for a client

Nursing interventions when caring for a client who is admitted with a DVT/VTE include which of the following? Select all that apply.

Taking metformin medication

(P) Adult patients with Type 2 Diabetes (I) Taking Metformin medication (C) Compared to not taking metformin but sticking to regular exercise