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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Final Project Part II Sabrina Salas Business 308 Statistics for Managers Professor Edward Kaplan February 4‚ 2013 In today’s society‚ gas and oil prices continue to rise which has a direct impact not only on one’s household but also in the delivery service industry. As prices on gas rise‚ the impact is felt on the consumer as delivery services increase their prices. While many Americans try to conserve their savings‚ this places limits on spending. Due to the advancement
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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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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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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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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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Validity- does the variable accurately reflect the phenomenon you are trying to measure. Reliability- does the indicator consistently assign the same number. Cross-sectional data- no time/multiple entries. Panel data set- multiple entries/over time. Time series-one entry/time. Population: the total set of items or people that a researcher is interested in studying. Sample: a subset of the population- random or nonrandom. Goal is to be representative of population.Criteria for evaluating causal relationships
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Application of statistics in Pharmaceutical industry * * * Bookmark Although the advancement of medicine has prolonged and improved the life of many people over the years‚ it is important to remember that it is not an exact science. While some treatments do seem to offer a complete ’cure’ for any particular ailment universally‚ the vast majority of medicinal treatments do not. As such‚ it is important that statistics are used in medicine in order to justify the development and subsequent
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The Mean and Median: Measures of Central Tendency The Mean and the Median The difference between the mean and median can be illustrated with an example. Suppose we draw a sample of five women and measure their weights. They weigh 100 pounds‚ 100 pounds‚ 130 pounds‚ 140 pounds‚ and 150 pounds. To find the median‚ we arrange the observations in order from smallest to largest value. If there is an odd number of observations‚ the median is the middle value. If there is an even number of observations
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ADDITIONAL MATHEMATICS: PROJECT WORK 2013 “Statistics in our daily life.” CONTENTS Introduction Acknowledgement Part 1 Part 2 Part 3 Further exploration Conclusion Reflection INTRODUCTION I‚ along with my fellow classmates‚ had been given a task by our Additional Mathematics teacher‚ which was the Additional Project Work 2013. Statistics is the study of the collection‚ organization‚ analysis‚ interpretation and presentation of data. It
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