Sample equals the size of the population
If the size of sample equals the size of the population, we would not expect any error in estimating the population parameter.
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Ronald is at casino and about to roll two regular six-sided dice. He provides the two dice a shake in his hands and rolls. Determine the odds of having the sum of the digits that land total 7?
Hypothesis testing is a procedure based upon sample evidence and probability theory to decide whether the hypothesis is a reasonable statement.
Bob Brock's net worth is $10,000. A friend presents him with opportunity. With 90% probability, Bob Brock can double his money but with 10% probability he'll lose everything he has. Determine the expected value of this proposition if Bob Brock acc
Sampling a population is often necessary because the cost of studying all the items in the population is prohibitive.
An estimate of the population mean based upon a large sample is less reliable than an estimate made using a small sample.
Brock's net worth is $10,000. A friend presents him with the opportunity. With 90% probability, Bob Brock can double his money but with 10% probability he'll lose everything he has. Determine the expected value of this proposition if Bob Brock acc
The following sample was obtained from population with unknown parameters. Scores: 8, 12, 7, 3, 9
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