The following table shows a weighted score card your company uses to compare projects against each other. A team of experts reviewed the business cases for three projects and gave them scores on a scale of 1 to 5 in each particular area.   Criteria Weight Proj A Proj B Proj C Project A Weighted Score Project B Weighted Score Project C Weighted Score Strategic Alignment 5 5 2 4       ROI   4 3 5 1       Stakeholder Interest 2 2 2 5       Low Risk   1 4 2 1       Legal Compliance 3 3 5 4         What is the total weighted score for each project? (3 points)                     What is the average weighted project score for each project? (3 points)                     Which project should you choose and why? (3 points)

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.