Question

If I approximated my response factor based on the average of two other response factors how...

If I approximated my response factor based on the average of two other response factors how will that change my quantitative results?

Homework Answers

Answer #1

Each time an average amount of data is performed, there is an error of dispersion between the real value and the calculated average.

When you approximate a value, of two other values ​​that were calculated as means, there will be a slightly larger error in your result.

It depends on the study you do, it may or may not significantly affect your result. You must consider the percentage of acceptance that your study has to accept or reject an approximation by means.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
I need a response to my classmates dicussion post: "There are many factors that I catch...
I need a response to my classmates dicussion post: "There are many factors that I catch myself being affected by during a shopping experience. Hawkins points out that "Marketers use their knowledge of perception to enhance strategies in a number of areas including retailing, branding, advertising, and packaging. For retailing, issues surrounding store and shelf location are important determinants of perception. For branding, issues surrounding the selection of brand names, extensions, and appropriate logos have important implications for perception. Advertising...
Design a full-factorial experiment.* Use one response and at least 2 factors, each factor with at...
Design a full-factorial experiment.* Use one response and at least 2 factors, each factor with at least 2 levels. a.       Describe the response and factor variables (e.g., what type of data are they, what are their levels or value ranges). b.      What is the unit of observation? c.       Describe the population, the sampling technique (how will you ensure random selection of units), and the sample and cell (treatment combinations) sizes. d.      Will you have replications or repetitions? e.       Are there...
I just need the work to be shown for these two questions, thank you! Qualitative and...
I just need the work to be shown for these two questions, thank you! Qualitative and Quantitative research Qualitative Proposal What percentage of M&M’s are green? 17% All M&M’s in a 10oz. Bag Simple random sample: I will go to the store and buy and 10 ounce bag of M&M’s. Then I will open them and without looking record the color of each M&M. Quantitative Proposal What is the average number of siblings my facebook friends have? 2 siblings All...
Recommend how to reduce educationally based income inequality or other factors if you were a federal...
Recommend how to reduce educationally based income inequality or other factors if you were a federal policy maker.
1) I have two apples, one banana, one cherry.  Does it make sense to calculate the "average"...
1) I have two apples, one banana, one cherry.  Does it make sense to calculate the "average" of these things? Would you code that as a factor or a numeric value in R? 2) I have four quiz scores: 94, 93, 85, and 0. What is the mean (average) of my quiz scores? Would you code this as a factor or a numeric value in R? 3) In another class, I received these grades on my quizzes: two As, one B,...
Vancouver Police Response Time Twice That of Other Cities: It takes Vancouver police twice as long...
Vancouver Police Response Time Twice That of Other Cities: It takes Vancouver police twice as long to respond to an emergency call as most other police forces in North America. Police here take an average of 11 minutes to respond to priority one calls- crime in progress and serious incidents- compared to 6 minutes in other major cities. Assume that the “priority-one” response time for Vancouver police can be approximated with a Normal model with a mean of 11 minutes...
All other factors equal, if you change the estimated population deviation rate from 3% to 6%...
All other factors equal, if you change the estimated population deviation rate from 3% to 6% would cause the required sampling population to a. increase b. decrease c. remain the same d. become indeterminate. Sample size is related to the maximum tolerable deviation rate. All factor equal... a. The larger the MTDR the lower the confidence b. The larger the MTDR the smaller the sample c. MTDR is based on the sample results d. none of these are correct.
How does the Industry Organization (I/O) Model of Above-Average returns - differ from the Resource Based...
How does the Industry Organization (I/O) Model of Above-Average returns - differ from the Resource Based Model of Above-Average Returns? (2B) Identify and discuss at least TWO key assumptions for each model. (2C) Do you think one model is better that the other? Please explain WHY or WHY NOT.
·Factor Endowments: How is Domino Pizza Inc impacted by factor endowments? In other words, does Domino...
·Factor Endowments: How is Domino Pizza Inc impacted by factor endowments? In other words, does Domino Pizza Inc have a competitive edge based on such things capital can be exploited for production?
Please write a 75 word response to the post below Recently, my wife and I had...
Please write a 75 word response to the post below Recently, my wife and I had a new home built. In the process of building, many times we were faces with the dilemma of how to purchase what you want and remain in budget. Oh, how I wish I has taken this class prior to making the decision to build. Prior to this class, Marginal cost, Average total cost, and Average Variable Cost were unknown terms to me. Now, I...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT