This paperwork of QNT 351 Week 4 Discussion Question 4 consists of:
In business, sometimes it is necessary to estimate a mean for a sample or population. We can do this with a high level of confidence for any dataset and create an interval in which we think the mean of all datapoints in the sample will fall within.
For example, we may want to find what interval all customer purchases ($) will fall within. For a restraunt maybe it would be good to know the interval that all 2-customer table bills will fall within. We can use this information to make better business decisions. There are three commonly used confidence levels in business statistics. 90%, 95%, and 99%. To simplify this, we will all calculate our confidence intervals at the 95% confidence levels.
Please provide an example of when we would use the confidence interval to assist in making business decisions. Display how you would calculate and then interpret that. There are countless examples in Chapter 5 for you to reference. I look forward to a great discussion.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more