1. It is often difficult to find the exact mean (average) of a large population of...

1. It is often difficult to find the exact mean (average) of a large population of data. We use confidence Intervals to estimate where we think the true mean lies. Discuss the advantages of using a confidence interval. Give an example of a large population of data that is suited to a confidence interval estimate- in other words, it would be very hard to find the exact true mean of the data.

Expert Solution

orchestra answered 1 year ago

It is often difficult to find the exact mean average of a large population of data....

It is often difficult to find the exact mean average of a large population of data. We use confidence Intervals to estimate where we think the true mean lies. Discuss the advantages of using a confidence interval. Give an example of a large population of data that is suited to a confidence interval estimate- in other words, it would be very hard to find the exact true mean of the data.

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