Random number tables have been used in statistics for tasks such as selected random samples. This was much more effective than manually selecting the random samples (with dice‚ cards‚ etc.). Nowadays‚ tables of random numbers have been replaced by computational random number generators. Tables of random numbers have the desired properties no matter how chosen from the table: by row‚ column‚ diagonal or irregularly. The first such table was published by a student of Karl Pearson’s in 1927‚ and
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WHAT IS A RANDOM VARIABLE? A random variable assigns a number to each outcome of a random circumstance‚ or‚ equivalently‚ a random variable assigns a number to each unit in a population. It is easier to create rules for broad classes of situations and then identify how a specific example fits into a class than it is to create rules for each specific example. We can employ this strategy quite effectively for working with a wide variety of situations Involving probability and random outcomes. We
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An act of random kindness Introduction A random act of kindness is an allegedly selfless act carried out by a person or persons wishing to either give a hand or cheer up an individual or in some cases it extends to animals. There will commonly be no reason other than to make people smile‚ or be happier. Either spontaneous or premeditated‚ random acts of kindness are encouraged by various communities. In 1982‚ California peace activist Ann Herbert allegedly roughly wrote on a placemat in a restaurant
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Types of Sampling In applications: Probability Sampling: Simple Random Sampling‚ Stratified Random Sampling‚ Multi-Stage Sampling * What is each and how is it done? * How do we decide which to use? * How do we analyze the results differently depending on the type of sampling? Non-probability Sampling: Why don’t we use non-probability sampling schemes? Two reasons: * We can’t use the mathematics of probability to analyze the results. * In general‚ we can’t count on a non-probability
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Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test Andrew W. Lo A. Craig MacKinlay University of Pennsylvania In this article we test the random walk hypothesis for weekly stock market returns by comparing variance estimators derived from data sampled at different frequencies. The random walk model is strongly rejected for the entire sample period (19621985) and for all subperiod for a variety of aggregate returns indexes and size-sorted portofolios. Although
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Random Acts of Kindness For our Random act of Kindness project we decided to surprise a teacher with flowers‚ candy‚ and pictures of her favorite animals. We chose Mrs. Adams because we all like her as a teacher and she was recently going through a hard time. I brought her some flowers‚ purchased some of favorite candy‚ and drew pictures of her favorite animals. During advisory we placed the gifts right by her door and knocked on her door. We then ran away and left the gifts as a surprise. Who
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Selected Answer: .5006 . Question 5 .5 out of 5 points An automotive center keeps tracks of customer complaints received each week. The probability distribution for complaints can be represented as a table or a graph‚ both shown below. The random variable xi represents the number of complaints‚ and p(xi) is the probability of receiving xi complaints. xi 0 1 2 3 4 5 6 p(xi) .15 .1 .28 .20 .10 .10 .07 What is the expected number of complaints received per week? Round
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provide the required estimates with associated margins of uncertainity‚ arising from examining only a part and not the whole. Methods of Sample Selection Simple Random Sampling In this method each item of the data ( population) has the same probability of being selected in the sample. The selection is usually made with the help of random numbers. * Suppose there are N=850 students in a school from which a sample of n=10 students is to be taken. The students are numbered from 1 to 850. Since our
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What are Random Essay Topics? The meaning of random essay topics is in the word itself. To be put into a crux‚ the word random means any. Here‚ it means the topics can be from any subject. There are no specifications that the topic should be from a particular subject or should be of a particular genre. The topic can be on anything and in any form. The writer is not given rules that need to be followed while writing. The writers are given full freedom; they can even adapt or use the essay topics
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continuous random variable because the time is being measured. All possible results for the variable time (t) would be greater than > 0. b) The weight of a T-bone steak is a continuous random variable because the weight of the steak is measured. All the possible results for the weight of the T-bone steak would be positive numbers making the variable weight (w) > greater than 0. c) The number of free throw attempts before the first shot is made is a discrete random variable
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