What to select when?
Z-distribution
. Sample size is large (more than 50?)
. Population normally distributed (approximately)
. Population variance known
t-distribution
. sample size small (less than 50?)
. population variance unknown
Am I right or is there any other criteria?
1 answers ( 0 marked as helpful)
Hey Chitra!
You are right! This is a point we make in one of the lectures as well!
Best,
The 365 Team
The 365 Team