1 Statistics & Data I Applications in Business and Economics I Descriptive Statistics I Inferential Statistics Statistics Data overload! I need help! Slide 1 Applications in Business and Economics I I Accounting Public accounting firms use statistical sampling procedures when conducting audits for their clients. Economics Economists use statistical information in making forecasts about the future of the economy or some aspect of it. Statistics Slide
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In our AP Statistics project encompassing the first semester’s material‚ we chose to research and analyze the correlation between the number of AP classes Taft seniors have taken in their high school careers and the number of followers Taft seniors have on their Instagram accounts‚ where the number of AP classes was our explanatory variable and the number of Instagram followers was our response variable. Our group chose this question because we were interested in seeing if there was‚ indeed‚ a statistically
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descriptive statistics and how do they differ from inferential statistics? INTRODUCTION Statistical procedures can be divided into two major categories: descriptive statistics and inferential statistics. Typically‚ in most research conducted on groups of people‚ you will use both descriptive and inferential statistics to analyse your results and draw conclusions. So what are descriptive and inferential statistics? And what are their differences?We have seen that descriptive statistics provide information
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Size (rework of above) | or | Variance (2) of a portfolio (X‚Y) | b2E(x) 2+c2E(y) 2+2bc•Cov(x‚y) Where b&c are weights | Confidence Interval For a proportion | | Sharpe Ratio | | Zobs | | Exp. Return of a portfolio | | Test Statistic Z values Proportions Take this to the table for “P Value” | | β of a portfolio | or | X critical proportions | Evaluation criteria: | CML Equation | | | | Cost of Levered Equity | | | | WACC | | | | Levered
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UNIVERSITI TEKNOLOGI MALAYSIA ENGINEERING STATISTICS – SSE/SSCE 2193 2012/2013 SEMESTER I TEST 1 - 15% 1 hour ANSWER ALL QUESTIONS 1. a) An experiment is conducted to select a suitable catalyst for the production of a dispersant for cleaning oil spill in Straits of Malacca. Suppose Ir. Aziz‚ the chemical engineer randomly selected three catalysts for testing from 10 different proposed catalysts. Four of the catalysts have high acidity level and six of the catalysts have low acidity level. Calculate
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Probability and Statistics Research Project Name: Lakeisha M. Henderson ID: @02181956 Spring 2007 Abstract Table of Contents Principle Component Analysis (PCA) Definition .4 Uses of PCA 5 Illustrative Example of PCA 5 Method to Determine PCA ..6 Basic Analysis of Variance (ANOVA) Purpose and Definition of ANOVA 12 Illustrative Example of ANOVA
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Introduction Statistics is a field of knowledge that enables an investigator to derive and evaluate conclusions about a population from sample data. In other words‚ statistics allow us to make generalizations about a large group based on what we find in a smaller group. The field of statistics deals with gathering‚ selecting‚ classifying data; interpreting‚ analysing data‚ deriving‚ evaluating the validity and reliability of conclusions based on data. Strictly speaking‚ the term "parameter" describes
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How to Lie with Statistics Book Summary The book How to Lie with Statistics written by Darrell Huff shows you how statistics are used to mislead; sometimes unintentionally‚ other times on purpose. It gives the readers the knowledge necessary to intelligently question and understand the story behind the numbers. In other words‚ it shows the tricks the crooks use‚ so that honest men can use this knowledge for self defense. I think it’s particularly useful for a manager or an executive to read
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Chapt 10 # 42 H0: game length is >= 3.5 hours Ha: game length is < 3.5 hours mean = 2.9553 stdev = 0.5596 Get the t test statistic: t = (x-mu)/(stdev/sqrt(N)) t = (2.9553-3.5)/(0.5596/sqrt(17)) t = -4.0133 Get the critical value for df = N-1 = 16‚ one tail‚ alpha is 0.05: -1.7459 Since our test statistic is much lower than the critical value‚ we reject the null hypothesis. There is enough evidence to conclude that games are shorter than 3.50 hours. Chapt 11 # 58 The amount
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Research and Statistics Paper Psy 315 Define and explain research and define and explain the scientific method (include an explanation of all five steps). Proper Research is primarily an investigation. Researchers and scientists gather data‚ facts‚ and knowledge to help better understand phenomenon‚ events and people. Through research‚ analysis‚ investigations‚ and experimentation‚ we gain a better understanding of our world. As I skimmed the text to find a definition‚ I found the word research
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