It is counterintuitive that, with a sample of only one value from a normal distribution, one can construct a finite confidence interval of any size for the mean. It goes just as much against standard ...

Identify characteristics of “good” estimators and be able to compare competing estimators. Construct sound estimators using the techniques of maximum likelihood and method of moments estimation.

The T-Value is a common statistical calculation with a very wide range of applications. In the business world, it can help in making educated financial predictions and projections. For example, a ...