stimators for the population variance with different levels of bias and variance

Eco/85

Suppose you are a consultant to a fast food chain. The fast food chain is interested in measuring the population variance in the number of customers it has on a daily basis in all its stores in the U.S. However, it is limited in its ability to track this number across all stores and has to select a sample. Think critically about the following questions:

 

1. There are two estimators for the population variance with different levels of bias and variance. Explain how you would go about choosing between these two estimators.

 

2. You are interested in coming up with a 95% confidence interval for the population variance. How would you go about deciding the number of outlets to sample?

Guidelines for Submission: Your response should one to two pages in length with double spacing, 12-point Times New Roman font, one-inch margins, and APA citations.

Do You Need A Similar Assignment?

Place an order with us. Our skilled and experienced writers will deliver a custom paper which is not plagiarized within the deadline which you will specify.

Note; 6 Hours urgent orders deliver also available.

If you need more clarifications contact our support staff via the live chat for immediate response.

 

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: