Developing quantitative or data-based recommendations to inform decision-making is critical to effective business planning. In this assignment, you make a business recommendation for a product launch based on decision and risk analysis, and using the Happy Jack scenario.
What assumption is necessary for the confidence interval analysis to work properly? A) The population that we are sampling from needs to be
What assumption is necessary for the confidence interval analysis to work properly? A) The population that we are sampling from needs to be approximately normally distributed. B) The Central Limit theorem guarantees that no assumptions about the population are necessary. C) The sampling distribution of the sample mean needs to