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Vesnalui [34]
1 year ago
9

Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval

. How would the interval change?.
Business
1 answer:
Alex1 year ago
6 0

The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

  • The level of certainty or uncertainty in a sampling process is measured by confidence intervals.
  • Additionally, they are employed in regression analysis and hypothesis testing.
  • To determine statistical significance, statisticians frequently combine confidence intervals with p-values.
  • 95% or 99% confidence levels are most frequently used in their construction.

Learn more about Confidence interval, here

brainly.com/question/13067956

#SPJ4

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paying your bills on time if not your credit will go down

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3 years ago
Tom's Textiles shipped the wrong material to a customer, who refused to accept the order. This is an example of a:-Sales revenue
Angelina_Jolie [31]

Answer:

Sales return

Explanation:

Sales return when a customer is not satisfied with a product, refuses to accept the order and expects to receive back the whole amount of money he paid for it.

Tom's Textiles are at wrong here as they shipped the wrong material to a customer. The customer is allowed not to accept the order and all the money he paid must be reimbursed to him. The company should apologize for the mistake in a pleasant manner, as mistakes happen everyday and can be corrected quickly and efficiently.  

3 0
3 years ago
On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percen
Anvisha [2.4K]

Answer:

<u>The Regular Price was $112.50</u>

Explanation:

On Monday- Discounted -25% from original price

On Tuesday- Discounted -50% from the price from "Monday"

I am going to multiply

60 x 0.25 = $15

$15 was discounted from the original price so you should add it to 60

the price is 75 now. Next

We need to multiply 75 x 0.50 = $ 37.5

We do the same and add $37.5 to $75

Which equals = $112.5

<u>The Regular Price was $112.50</u>

Ask Me any questions in the comments so i can clarify myself.

Cheers!

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3 years ago
Taking a self-assessment test is a good way to learn about your self and careers that are suitable for you
Anit [1.1K]
Yeah good point ........
4 0
3 years ago
The purpose of a Chamber of Commerce is to foster a healthy business climate for all of the businesses in the community. Develop
forsale [732]

Answer:  

Guidelines to consider include:

1. Planning

2. Deciding which social media platform is best for your business.

3. Knowing your audience

4. Expanding  audience

5. Building relationships

6. Focusing on quality over quantity

7. Using the right tools

Explanation:

Social media is one of the ways to connect with a large number of individuals to boost business and sales.

Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.

Secondly, The local business should decide which social media platform is best for them.

Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.

Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.

It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.

Finally, the organization should take advantage of tools to simplify work and boost productivity.

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3 years ago
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