pleasee give real life situation and make it understanble estimator tharAnbothprecise:isaccurateandParameter

Parameter: It may be defined as the statistic or a quantity of the population under study. It is any…

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College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.3: Rates Of Change And Behavior Of Graphs

Problem 1SE: Can the average rate of change of a function be constant?

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Internet speeds are a heavily advertised selling point of Internet Service Providers. You notice that although you are paying for a certain speed, the true speed seems to vary depending on where you are in your house. In order to estimate the true average speed you are getting in your house, you go to 13 random spots around your house and record the speed (in MBs per second) shown from a test at 'www.speedtest.net'. You see that the average is 5.61 MB/s with a standard deviation of 1.274 MB/s. You decide to create a 99% confidence interval for the average internet speed in your house. What is the margin of error for this estimate?
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estimator That is and both accurate precise: Parameter