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    Business Statistics Study Set 1
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    Exam 8: Estimating Single Population Parameters
  5. Question
    When σ Is Unknown, One Should Use an Estimate That
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When σ Is Unknown, One Should Use an Estimate That

Question 133

Question 133

True/False

When σ is unknown, one should use an estimate that is considered to be at least as large as the true σ. This will provide a conservative sample size to be on the safe side.

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