Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why?


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Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why?


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Can you please help me with this homework problem?  I wanted to get this response to be as straightforward and easy to understand as possible.  If you could respond that way, it would be great:

Many people do not “like” or “trust” single point estimates for things they need measured.  Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better?  Why?

Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why?  Please share what they say.

Here is a previous example I used:

Okay, social example of the one-way ANOVA would be my choice of coffee in morning. I have the choice between two different kinds. I can choose between full flavor caffeinated coffee or the full flavor decaffeinated the coffee.