MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Step 1: a. Generate the 1000 revenues and retain the integer portion:
VIEW Step 2: b. Obtain a histogram for the data in (a).
VIEW Step 3: Select a simple random sample of size 30 from this population (use seed 2008).
VIEW Step 4: Using this sample, estimate the average and total revenue and the associated variance estimates:
VIEW Step 5: Construct 95% confidence intervals for the mean and total revenue of the population:
VIEW Step 6: Why is a simple random sampling not the best design to yield a precise estimate?
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