Omkar & Yaying Wednesday 5-6pm WEEK 3 BES PASS Descriptive Statistics Population - a set of all possible observations. Sample - a portion of a population. We often use information concerning a sample to make an inference (conclusion) about the population. Parameter - describes a characteristic of the population‚ eg: the population variance Statistic- describes a characteristic of a sample‚ eg: the sample variance Frequency Distribution and Histograms Class - a collection of
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hypothesis: The mean regular unleaded gas prices for your region is the same as that in the study µ 0 = 3.16 Alternate hypothesis: The mean regular unleaded gas prices for your region is greater than that in the study µ A > 3.16 Find the t-test statistic: t=(x(bar) - µ 0 )/(s/sqrt(n)) t = (3.1948 – 3.16)/(0.0889/sqrt(25)) t = 1.957255343 Find the P-value: P = 0.03102312 Write a conclusion in context. Since we are using a 1% level of significance‚ the -level is 0.01. Since P> 0.01‚ we
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Official statistics are published by the Home Office regarding the number of different types of crimes committed and the backgrounds of those responsible. Official statistics are published annually and are used to compare the difference in crime year by year‚ from this government policies are revised and adjusted where they see fit. Some sociologists see the statistics as an invaluable source of information whereas others question their accuracy. Positivists and Functionalists have taken official
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Week 4 15.18 Sixty-four students in an introductory college economics class were asked how many credits they had earned in college‚ and how certain they were about their choice of major. Research question: At α = .01‚ is the degree of certainty independent of credits earned? Certaint Credits Earned | Very Uncertain | Somewhat certain | Very Certain | Row Total | 0–9 | 12 | 8 | 3 | 23 | 10 to 59 | 8 | 4 | 10 | 22 | 60 or more | 1 | 7 | 11 | 19 | Col Total | 21 | 19 | 24 | 64 |
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1-2 Test 100 points In order to receive full credit‚ please show all work for every problem. You are welcome to use your calculator‚ book and notes‚ but please take this test on your own. 1. In your own words‚ explain what parameters and statistics are and what the difference is between them. Give an example to clarify. (10 points) 2. According to Consumer Reports‚ a random sample of 35 new cars gave an average of 21.1 mpg. What is the variable being studied? What is
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Working Paper 05-47 Statistics and Econometrics Series 09 July 2005 Departamento de Estadística Universidad Carlos III de Madrid Calle Madrid‚ 126 28903 Getafe (Spain) Fax (34) 91 624-98-49 BAYESIAN INFERENCE FOR THE HALF-NORMAL AND HALF-T DISTRIBUTIONS M.P. Wiper‚ F.J. Girón‚ A. Pewsey* Abstract In this article we consider approaches to Bayesian inference for the half-normal and half-t distributions. We show that a generalized version of the normal- gamma distribution is conjugate to the
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Today‚ 564‚708 people in the U.S. are homeless (“2016’s Shocking Homelessness Statistics”). As we speak‚ the rate of homelessness continues to rise. There are many reasons for homelessness: national debt‚ natural disasters‚ and unemployment. Although national debt and natural disasters are important factors of homelessness‚ society mainly focuses on unemployment and limited job opportunities. In fact‚ society stigmatizes homeless people as lazy and hopeless individuals. For example‚ many people think
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Muli‚ Laurah N. BSMA 2C Table 1 shows the descriptive statistics about the 74 models of automobiles released in the year 1978‚ these include the automobiles’ price‚ mileage‚ repair record‚ headroom‚ trunk space‚ weight‚ length‚ turn circle‚ displacement and the gear ratio with its corresponding results. In terms of automobiles’ price‚ it ranges to $3‚291.00 up to $15‚906.00 for the period of the said year. Its average price is $6‚165.26 with a standard deviation of $2‚949.50. It can be seen
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BE01106 - BUSINESS STATISTICS ASSIGNMENT – PART I SEMESTER 2‚ 2014 _________________________________________________________________________ The complete BEO1106 assignment (all three parts) accounts for 20% of the overall assessment in the unit. This first part of the BEO1106 assignment is to be completed in your own time and must be submitted for correction in the tutorial of week 6. No time extensions will be granted although special consideration applications may be accepted from students
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football fans on the go‚ STATS delivers a customized mobile Web product with complete season editorial and statistics. iPhone Application STATS’ developers have engineered a premium white-label iPhone Solution. STATS delivers branded standalone iPhone applications covering all the exciting global football action. Fantasy Games STATS stands alone as the only innovative provider of sports statistics and fantasy game development. STATS can provide predictors or comprehensive white-label fantasy solutions
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