Central Limit Theorem, Confidence Interval, Hypothesis Testing

Central Limit Theorem, Confidence Interval, Hypothesis Testing

Read chp. 8, 9, & 10

Write a 300-500 word essay and describe the following terms:

1. Central Limit Theorem and its application.

2. Confidence intervals using sample means and sample proportions.

3. Describe the steps in testing a hypothesis.

4. Define p-value and explain why p-value is needed in testing hypotheses

Lind, D., & Marchal, W. (2015). Statistical techniques in business & economics 16th ed.). McGraw-Hill.