APPLIED PROBABILITY AND STATISTICS APPLIED PROBABILITY AND STATISTICS DEPARTMENT OF COMPUTER SCIENCE DEPARTMENT OF COMPUTER SCIENCE STATISTICAL DISTRIBUTION STATISTICAL DISTRIBUTION SUBMITTED BY – PREETISH MISHRA (11BCE0386) NUPUR KHANNA (11BCE0254) SUBMITTED BY – PREETISH MISHRA (11BCE0386) NUPUR KHANNA (11BCE0254) SUBMITTED TO – PROFESSOR SUJATHA V. SUBMITTED TO – PROFESSOR SUJATHA V
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Sampling Procedures There are many sampling procedures that have been developed to make sure that a sample really represents the target population. Simple Random Sampling In simple random sampling‚ every individual in the target population has an equal chance of being part of the sample. This requires two steps: 1. Obtain a complete list of the population. 2. Randomly select individuals from that list for the sample. In a study where the unit of analysis is the student‚ the researcher
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Sampling Frame Advanced Cell technologies are constantly conducting hundreds of clinical trials in order to gain more knowledge on stem cell research. When dealing with the ethical barriers derived from stem cell research Advanced Cell Technologies spare no resources to maintain a healthy line so crossing of moral barriers occur. In order to conduct and proceed with research‚ a set of specific sampling frames must first be created. In statistics‚ a sampling frame is the source material or device
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The key is the use of statistically derived random sampling procedures. These ensure that survey results can be defended as statistically representative of the population. Surveys that do not follow these procedures can produce results that lead to misguided market research‚ strategic‚ or policy decisions. Any so-called "survey" in which no attempt is made to randomly select respondents‚ such as call-in readers’ or viewers’ "polls"‚ is likely to produce results that in no way reflect overall public
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Statistical Sampling Statistical Sampling 1. The authors of the paper make assumptions about the U.S. population on three dimensions. What are the three dimensions? (Hint: The authors refer to these dimensions as "components of change.") Answer: The three dimensions would be migration‚ fertility‚ and mortality. 2. What is the expected population of the U.S. in 2050 given the new series (i.e.‚ based on 1998 data) based on the lowest series? The middle series? And the highest
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Sampling is concerned with the selection of a subset of individuals from within a statistical population to estimate characteristics of the whole population. Acceptance sampling is used to determine if a production lot of material meets the governing specifications. Two advantages of sampling are that the cost is lower and data collection is faster than measuring the entire population. Sampling is the process of selecting units (e.g.‚ people‚ organizations) from a population of interest so that
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The linear probability model‚ ctd. When Y is binary‚ the linear regression model Yi = β0 + β1Xi + ui is called the linear probability model. • The predicted value is a probability: • E(Y|X=x) = Pr(Y=1|X=x) = prob. that Y = 1 given x • Yˆ = the predicted probability that Yi = 1‚ given X • β1 = change in probability that Y = 1 for a given ∆x: Pr(Y = 1 | X = x + ∆x ) − Pr(Y = 1 | X = x ) β1 = ∆x 5 Example: linear probability model‚ HMDA data Mortgage denial v. ratio of debt payments to income (P/I
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2010 Words of Probability ISHIGURO‚ Makio(The Institute of Statistical Mathematics) Words of Probability ISHIGURO‚ Makio(The Institute of Statistical Mathematics) Key Words: subjective probability‚ confidence‚ belief‚ frequency‚ verbal expression Abstract There are everyday expressions such that ’probably’; ’might be’;’could be’ etc.‚ to describe the strengths of one’s confidence in the occurrence of events in the future. On the other hand there are probability theory expressions
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your own words); not sufficient to just arrive at answers. In other words‚ in your own words‚ thoroughly explain what your results represent. I highly recommend reviewing the third video in Week 1 for homework expectations. You have to assume‚ I am a non-quantitative person not familiar with Stat and have no idea of the questions. The only areas I see when reviewing your workbook are responses‚ mathematical evidence and interpretation‚ which must be thorough so sound managerial decision can be made
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Population and Sampling MTH/231 August 29‚ 2012 Importance of Population and Sampling History from Political Arithmetic to Statistics The history timeline show evidence of statistical data as early as Ancient Greece time but records show statistics in late 16th century‚ when it was introduced by‚ John Graunt‚ William Petty‚ and Pascal and later in 17th century by Gottfried Achenwall. It was an exciting time when success and discoveries raised the confidence of scientists‚ physicist and astronomers
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