scm week 7 notes
scm week 7 notes 200
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This 1 page Class Notes was uploaded by Evangelos Katradis on Sunday March 27, 2016. The Class Notes belongs to 200 at Pennsylvania State University taught by Marilyn Blanco in Fall. Since its upload, it has received 9 views. For similar materials see Supply Chain Management (business statistics) in Business at Pennsylvania State University.
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Date Created: 03/27/16
SCM 200 week 7 notes E(statistic)= parameter E(x bar)= mu Point and interval estimates: • a point estimate is a single # that is used to estimate an unknown population parameter an interval estimate (or confidence interval) is a range of #’s thought to contain • an unknown parameter value T/F All standard deviations are standard errors, but not all standard errors are standard deviations.........F T/F A sampling distribution is a distribution of all possible values of a statistic for a give sample size.....T T/F Given a population standard deviation, as a sample size increases, standard error also increases....F
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