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Answer to Question #3171 in Statistics and Probability for cwh
Question #3171
Crystal Ball has generated the following statistics for a profit forecast.
Trials 2000
Mean $16,047,155
Median $16,569,474
Mode --
Standard Dev $2,952,831
Variance 9.00+12
Skewness -.94
Kurtosis 3.75
coeff. of variability .18
Range Minimum ($187,344)
Range Maximum $19,994,537
Range Width $20,181,881
Mean Std Error $66,027.30
The 95% confidence interval for the mean of the sampling distribution of the mean is about:
Trials 2000
Mean $16,047,155
Median $16,569,474
Mode --
Standard Dev $2,952,831
Variance 9.00+12
Skewness -.94
Kurtosis 3.75
coeff. of variability .18
Range Minimum ($187,344)
Range Maximum $19,994,537
Range Width $20,181,881
Mean Std Error $66,027.30
The 95% confidence interval for the mean of the sampling distribution of the mean is about:
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