Economics

Economics

Suppose you are a consultant to a fast food chain. The fast food chain is interested in measuring the population variance in the number of customers it has on a daily

basis in all its stores in the U.S. However, it is limited in its ability to track this number across all stores and has to select a sample. Think critically about the

following questions:

1. There are two estimators for the population variance with different levels of bias and variance. Explain how you would go about choosing between these two

estimators. 2. You are interested in coming up with a 95% confidence interval for the population variance. How would you go about deciding the number of outlets to

sample?

Your response should one to two pages in length with double spacing, 12-point Times New Roman font, one-inch margins, and APA citations.

By submitting this paper, you agree: (1) that you are submitting your paper to be used and stored as part of the SafeAssign™ services in accordance with the Blackboard

Privacy Policy; (2) that your institution may use your paper in accordance with your institution’s policies; and (3) that your use of SafeAssign will be without

recourse against Blackboard Inc. and its affiliates

Order from us and get better grades. We are the service you have been looking for.