Question

Answer the following questions in technical or non-technical language. (a) What is the Central Limit Theorem?...

Answer the following questions in technical or non-technical language.

(a) What is the Central Limit Theorem?

(b) What does it mean for an estimator to be unbiased or consistent?

(c) What is the difference between point estimators and interval estimators of parameters?

(d) Under what conditions should we use t-tests rather than z-tests for population means?

(e) Why are conjugate families of distributions convenient for Bayesian analysis?

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Answer #1



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