B. Tell your boss they are great
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.
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Answer:
b. they can be used to produce a variety of products without the need for expensive retooling.
Answer:
1. The stand-alone price for installation service using adjusted market assessment is $180
2. The stand-alone price for installation service using expected cost plus margin is $182
3. The stand-alone price for installation service using residual is $182
Explanation:
1. According to the given data the market price at which similar vendors charge installation service should be taken as the stand-alone price which is $180
Therefore, The stand-alone price for installation service using adjusted market assessment is $180
2. The stand-alone price of the installation service using expected cost plus margin would be a follows:
Stan−alone price=Estimated Cost+Estimated margin
=$130+(40%×$130)
=$182
Therefore, The stand-alone price for installation service using expected cost plus margin is $182
3. The stand-alone price of the installation service using residual would be a follows:
Stand−alone price=Total transaction price−Stand−alone price for T.V−
−Stand−alone price for compensation and other costs
=$2,020−$1,810−$130
=$80
Therefore, The stand-alone price for installation service using residual is $182
Answer:
I have no clue
Explanation:
I need to answer something bc I'm new sorry
