Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

Confidence intervals are computed from a random sample and therefore they are also random. The long run behavior of a 95% confidence interval is such that we’d expect 95% of the confidence intervals ...

The sample space diagram shows there are 6 ways of making a 7, out of a total of 36 possible outcomes. Therefore, the probability of rolling two dice and the sum being 7 is \(\frac{6}{36} = \frac{1}{6 ...

Central Limit Theorem: A sampling distribution of the mean is approximately normally distributed if the sample size is sufficiently large. This is true no matter what the population distribution is.

Future events are far from certain in the business world. This is especially true for smaller businesses, which tend to have more volatility than larger organizations, or newer businesses without a ...

Describe the abstract idea of a sampling distribution and how it reflects the sample to sample variability of a sample statistic or point estimate. Identify the ...

It is believed that new types of computing machines will be constructed to exploit quantum mechanics for an exponential speed advantage in solving certain problems compared with classical computers 9.