LCCI International Qualifications Level 2 Certificate in Business Statistics Syllabus Effective from 1st October 2001 For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk 1 1 INTRODUCTION EDI is a leading international awarding body that was formed through the merger of the London Chamber of Commerce and Industry Examinations Board (LCCI) and GOAL‚ a leading online assessment provider. EDI now delivers LCCI International qualifications
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Labor statistics analysis by Alexandra Gerasimova IBS 5301 Kaliningrad Oblast Factor | 2009 | 2010 | 2011 | Economically active population | 515‚8 | 515‚7 | 539‚2 | Employed population | 459‚5 | 461‚2 | 493‚2 | Unemployed population (registered) | 56‚3 (19‚5) | 54‚5 (18‚3) | 45‚9 (18‚1) | Non-employed | | | | Rate of economic activity | 68‚7 | 68‚8 | 72‚2 | Rate of unemployed | 10‚9 | 10‚6 | 8‚5 | Labor market tension | | | 1‚6 | According to the data‚ the situation on labor market
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REGRESSION 1. Prediction Equation 2. Sample Slope SSx= ∑ x2- (∑ x)2/n SSxy= ∑ xy- ∑ x*∑ y/n 3. Sample Y Intercept 4. Coeff. Of Determination 5. Std. Error of Estimate 6. Standard Error of 0 and 1 7. Test Statistic 8. Confidence Interval of 0 and 1 9. Confidence interval for mean value of Y given x 10. Prediction interval for a randomly chosen value of Y given x 11. Coeff. of Correlation 12. Adjusted R2 13. Variance Inflation
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pharmaceutical company is testing the effectiveness of a new drug for lowering cholesterol. As part of this trial‚ they wish to determine whether there is a difference between the effectiveness for women and for men. Using = .05‚ what is the value the test statistic? Women Men Sample size 50 80 Mean effect 7 6.95 Sample variance 3 4 A. t = 3.252 B. z = 0.455 C. z = 0.081 D. z = 0.151 ANSWER: D Question 2: A field researcher is gathering data on the trunk diameters
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A statistics practitioner took a random sample of 50 observations from a population with a standard deviation of 25 and computed the sample mean to be 100. a.Use an interval estimate to estimate the population mean with 90% confidence.[mu-1.64*SD/√n‚mu+1.64*SD/√n] [100-1.64*25/√50‚100+1.64*25/√50][94.2017‚105.7983]-90% Confidence b.95% confidence. [mu-1.96*SD/√n‚mu+1.96*SD/√n] [100-1.96*25/√50‚100+1.96*25/√50][93.0704‚106.9296]-95% Confidence c.99% confidence. [mu-2.57*SD/√n‚mu+2.57*SD/√n] [100-2
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Test 4A AP Statistics Name: Directions: Do all of your work on these sheets. Part 1: Multiple Choice. Circle the letter corresponding to the best answer. 1. I measure a response variable Y at each of several times. A scatterplot of log Y versus time of measurement looks approximately like a positively sloping straight line. We may conclude that (a) the correlation between time of measurement and Y is negative‚ since logarithms of positive fractions (such as correlations) are negative
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MA2611‚ Applied Statistics I Term B‚ 2012 Lab Report 6 Dec. 7‚ 2012 Name: Objectives The purpose of this lab intends to explain the process and impacts of confidence and prediction interval techniques and procedures by learning through online tutorials‚ examples‚ and quizzes. Procedures This lab was conducted in a controlled‚ computer environment with access to SAS software and applications. Instructions for the lab were provided in .pdf form and included
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hypothesis. It represents researcher’s claim about the population parameters. This will be accepted only when data provides sufficient evidence to establish its truth. 3. Test Statistic - A sample statistic (often a formula) that is used to decide whether to reject H0 . 4. Rejection Region- It consists of all values of the test statistic for which H0 is rejected. This rejection region is selected in such a way that the probability of rejecting true H0 is equal to α (a small number usually 0.05). The value
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Assessing T-tests To clearly identify what a t-test accomplishes in descriptive statistics it is imperative to understand what a t-test represents. A “t-test is a parametric statistical test for comparing the means of two independent samples” (Plichta & Kelvin‚ 2013‚ p. 464). Gosset developed the t-test for use in quality control at the Guinness Brewery and published his works under the pen name “Student” (Plichta & Kelvin‚ 2013). T-tests use assumptions related to the underlying
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Final Project: Nyke Shoe Company Barbara Greczyn STA 201 - Principles of Statistics Instructor Alok Dihtal April 26‚ 2015 Introduction Nyke Shoe Company has been in business for over 50 years. Over the last five years‚ the company has been undergoing some financial hardship due to an erratic market and an inability to understand what the consumer actually needs. In a last ditch effort to avoid bankruptcy‚ they have adopted a new business model which entails the development of only one
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