MAT510 Strayer Week 9 Confidence Intervals Discussion

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Question Description

Note: Online students, please select one of the two subjects to discuss.

  • Use the Internet or Strayer Library to research articles on confidence interval and its application in business. Select one (1) company or organization which utilized confidence interval technique to measure its performance parameters (e.g., mean, variance, mean differences between two processes, etc.). Give your opinion as to whether or not the utilization of such a technique improves business process for the company or organization that you selected. Justify your response.
  • Select one (1) project from your working or educational environment in which you would use the confidence interval technique for the process. Next, speculate on one to two (1-2) challenges of utilizing such a technique in the process and suggest your strategy to mitigate the challenges in question.

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Note: Online students, please select one of the two subjects to discuss. Use the Internet or Strayer Library to research articles on confidence interval and its application in business. Select one (1) company or organization which utilized confidence interval technique to measure its performance parameters (e.g., mean, variance, mean differences between two processes, etc.). Give your opinion as to whether or not the utilization of such a technique improves business process for the company or organization that you selected. Justify your response. Select one (1) project from your working or educational environment in which you would use the confidence interval technique for the process. Next, speculate on one to two (1-2) challenges of utilizing such a technique in the process and suggest your strategy to mitigate the challenges in question. ...
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Week 9 Discussion
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Use the Internet or Strayer Library to research articles on confidence interval and its
application in business. Select one (1) company or organization which utilized confidence
interval technique to measure its performance parameters (e.g., mean, variance, mean
differences between two processes, etc.). Give your opinion as to whether or not the utilization of
such a technique improves business process for the company or organization that you selected.
Justify your response.
Hazra (2017) defines confidence intervals as descriptive statistical measures (could be of
the mean, medians, proportions among others) that can be used to make inferences about the
population. A narrow confidence int...

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