Questions
ERMCPS5350_006_2025_3 - INTRO TO QUANTITATIVE RISK MANAGEMENT 7. Quiz for Class 7
Single choice
When you do not know the variance, and need to derive it from the data, which distribution do you use to determine the probability of a mean?
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When the population variance is unknown and must be inferred from the sample, the standard approach for assessing a mean uses the t-distribution rather than the normal z-distribution. This is because we replace the true standard deviation with the samp......Login to view full explanationLog in for full answers
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