How do insurers use a confidence interval?
What will be an ideal response?
A probability distribution does not guarantee that the final outcome will be correct, for example if the probability distribution is based on past events the "past events do not guarantee future results." Since this is the case the confidence interval allow for the measurement error arising from estimating unknown variables.
You might also like to view...
Define leverageable advantage with an example
What will be an ideal response?
Which act was one of the first new laws Congress passed in 1963 that made it unlawful to discriminate in pay based on sex when jobs involve equal work and are performed under similar working conditions.
A. Vocational Rehabilitation Act of 1973
B. pregnancy discrimination act
C. Equal Pay Act
D. Title VII of Civil Rights Act 1964
The correct order to present current assets is
a. cash, inventories, prepaid items, accounts receivable. b. cash, inventories, accounts receivable, prepaid items. c. cash, accounts receivable, prepaid items, inventories. d. cash, accounts receivable, inventories, prepaid items.
When an investor owns less than 20% of another company's stock, it is presumed to have insignificant influence.
Answer the following statement true (T) or false (F)