Methods of Interval Estimation

Discuss how you can apply the concept and method of interval estimation to help you solve some of the problems in a regularly accounting department. Give a few examples.

Please see the attached file.

Death stats

1. In a recent year, there were approximately 97,000 deaths in the United States (total population 281 million) due to accidents. Approximately 25,000 of these accidental deaths involved people age 75 or older. Roughly 42,000 of these deaths were due to automobiles and 17,000 involved falls.

a. Find the overall death rate for accidents in units of death per 100,000 people.

The overall death …

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