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Explanation & Answer
90% CI for µd : Lower limit: 1.39 - 1.860*.55/3 = 1.049
Upper limit: 1.39 + 1.860*.55/3 = 1.731
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Phase 5 Course Project Inferential Statistics and Analytics
This week you will submit Phase 5, the final phase, of your course project. For Phase 5 of your course project, you will w ...
Phase 5 Course Project Inferential Statistics and Analytics
This week you will submit Phase 5, the final phase, of your course project. For Phase 5 of your course project, you will want to review your instructor's feedback from your Phase 4 submission and make any necessary corrections. Remember if you have questions about the feedback to ask your instructor for assistance.Once you have made your corrections, you will make your final submission for the course project. Below is a summary of the expectations for Phase 5 of the course project:
Introduce your scenario and data set.
Provide a brief overview of the scenario you are given above and the data set that you will be analyzing.
Classify the variables in your data set.
Which variables are quantitative/qualitative?
Which variables are discrete/continuous?
Describe the level of measurement for each variable included in your data set.
Discuss the importance of the Measures of Center and the Measures of Variation.
What are the measures of center and why are they important?
What are the measures of variation and why are they important?
Calculate the measures of center and measures of variation. Interpret your results in context of the selected topic.
Mean
Median
Mode
Midrange
Range
Variance
Standard Deviation
Discuss the importance of constructing confidence intervals for the population mean.
What are confidence intervals?
What is a point estimate?
What is the best point estimate for the population mean? Explain.
Why do we need confidence intervals?
Based on your selected topic, evaluate the following:Find the best point estimate of the population mean.
Construct a 95% confidence interval for the population mean. Assume that your data is normally distributed and σ is unknown.
Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
Write a statement that correctly interprets the confidence interval in context of your selected topic.
Based on your selected topic, evaluate the following:Find the best point estimate of the population mean.Construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and σ is unknown.
Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
Write a statement that correctly interprets the confidence interval in context of your selected topic.
Compare and contrast your findings for the 95% and 99% confidence interval.
Did you notice any changes in your interval estimate? Explain.
What conclusion(s) can be drawn about your interval estimates when the confidence level is increased? Explain.
Discuss the process for hypothesis testing.
Discuss the 8 steps of hypothesis testing?
When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
Perform the hypothesis test.If you selected Option 1:
Original Claim: The average salary for all jobs in Minnesota is less than $65,000.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
If you selected Option 2:
Original Claim: The average age of all patients admitted to the hospital with infectious diseases is less than 65 years of age.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
Based on your selected topic, answer the following:Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim.
Is the test two-tailed, left-tailed, or right-tailed? Explain.
Which test statistic will you use for your hypothesis test; z-test or t-test? Explain.
What is the value of the test-statistic? What is the P-value?
What is the critical value?
What is your decision; reject the null or do not reject the null?
Explain why you made your decision including the results for your p-value and the critical value.
State the final conclusion in non-technical terms.
Conclusion
MTH410 Colorado State University Week 4 Hypergeometric Discussion Board
As a manager of an organization, what probability distribution from this week would you use if you wanted to estimate or s ...
MTH410 Colorado State University Week 4 Hypergeometric Discussion Board
As a manager of an organization, what probability distribution from this week would you use if you wanted to estimate or study an aspect of your employee turnovers? Explain why you would use it. In your post, be sure to specifically identify the statistical formulas and what additional data you would need to determine your estimate(s). Some aspects of employee turnovers may be time employed, number of annual turnovers, time until the first turnover of the year, etc.Here are the probability distributions that we have covered. Discrete:Hypergeometric—See Section 4.1 as to when you may use it.Binomial—See Section 4.2 as to when you may use it.Poisson—See Section 4.4 as to when you may use it.Continuous:Uniform—See Section 5.2 as to when you may use it.Exponential—See Section 5.3 as to when you may use it.Normal—See Sections 6.2 and 6.3Do not forget to explain why your probability distribution applies.22 mins ago
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Navigate to the Yahoo! Finance Options Center at https://finance.yahoo.com/options/.
Next, in the search box at the top ...
FIN405 Strayer University Relation of Prices of Call and Put and Stocks Essay
Navigate to the Yahoo! Finance Options Center at https://finance.yahoo.com/options/.
Next, in the search box at the top of the page, enter a publicly traded
company (note, avoid penny stocks and thinly traded companies; instead,
search for large publicly traded companies to ensure you find
sufficient options for it). Click on the Options tab in the center of
the page to review your company’s calls and puts. Select one
in-the-money call or put and one out-of-the-money call or put. Indicate
in your response the company you selected, the current stock price, the
strike price for each of the two options, and which is in and which is
out of the money. Briefly explain why the prices of the call and put of
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High School Probability and Statistics, Assignment Homework Help
i need somone who can get a 100 on this assingmentr... also... they need to be able to show all work and answer all 3 part ...
High School Probability and Statistics, Assignment Homework Help
i need somone who can get a 100 on this assingmentr... also... they need to be able to show all work and answer all 3 parts of the question....the last file is the file that has the actuall graded assingment in it.....the others are just part of the graded assingment..MAKE SURE U FINSIH ALL 3 PARTSS
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Phase 5 Course Project Inferential Statistics and Analytics
This week you will submit Phase 5, the final phase, of your course project. For Phase 5 of your course project, you will w ...
Phase 5 Course Project Inferential Statistics and Analytics
This week you will submit Phase 5, the final phase, of your course project. For Phase 5 of your course project, you will want to review your instructor's feedback from your Phase 4 submission and make any necessary corrections. Remember if you have questions about the feedback to ask your instructor for assistance.Once you have made your corrections, you will make your final submission for the course project. Below is a summary of the expectations for Phase 5 of the course project:
Introduce your scenario and data set.
Provide a brief overview of the scenario you are given above and the data set that you will be analyzing.
Classify the variables in your data set.
Which variables are quantitative/qualitative?
Which variables are discrete/continuous?
Describe the level of measurement for each variable included in your data set.
Discuss the importance of the Measures of Center and the Measures of Variation.
What are the measures of center and why are they important?
What are the measures of variation and why are they important?
Calculate the measures of center and measures of variation. Interpret your results in context of the selected topic.
Mean
Median
Mode
Midrange
Range
Variance
Standard Deviation
Discuss the importance of constructing confidence intervals for the population mean.
What are confidence intervals?
What is a point estimate?
What is the best point estimate for the population mean? Explain.
Why do we need confidence intervals?
Based on your selected topic, evaluate the following:Find the best point estimate of the population mean.
Construct a 95% confidence interval for the population mean. Assume that your data is normally distributed and σ is unknown.
Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
Write a statement that correctly interprets the confidence interval in context of your selected topic.
Based on your selected topic, evaluate the following:Find the best point estimate of the population mean.Construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and σ is unknown.
Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
Write a statement that correctly interprets the confidence interval in context of your selected topic.
Compare and contrast your findings for the 95% and 99% confidence interval.
Did you notice any changes in your interval estimate? Explain.
What conclusion(s) can be drawn about your interval estimates when the confidence level is increased? Explain.
Discuss the process for hypothesis testing.
Discuss the 8 steps of hypothesis testing?
When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
Perform the hypothesis test.If you selected Option 1:
Original Claim: The average salary for all jobs in Minnesota is less than $65,000.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
If you selected Option 2:
Original Claim: The average age of all patients admitted to the hospital with infectious diseases is less than 65 years of age.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
Based on your selected topic, answer the following:Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim.
Is the test two-tailed, left-tailed, or right-tailed? Explain.
Which test statistic will you use for your hypothesis test; z-test or t-test? Explain.
What is the value of the test-statistic? What is the P-value?
What is the critical value?
What is your decision; reject the null or do not reject the null?
Explain why you made your decision including the results for your p-value and the critical value.
State the final conclusion in non-technical terms.
Conclusion
MTH410 Colorado State University Week 4 Hypergeometric Discussion Board
As a manager of an organization, what probability distribution from this week would you use if you wanted to estimate or s ...
MTH410 Colorado State University Week 4 Hypergeometric Discussion Board
As a manager of an organization, what probability distribution from this week would you use if you wanted to estimate or study an aspect of your employee turnovers? Explain why you would use it. In your post, be sure to specifically identify the statistical formulas and what additional data you would need to determine your estimate(s). Some aspects of employee turnovers may be time employed, number of annual turnovers, time until the first turnover of the year, etc.Here are the probability distributions that we have covered. Discrete:Hypergeometric—See Section 4.1 as to when you may use it.Binomial—See Section 4.2 as to when you may use it.Poisson—See Section 4.4 as to when you may use it.Continuous:Uniform—See Section 5.2 as to when you may use it.Exponential—See Section 5.3 as to when you may use it.Normal—See Sections 6.2 and 6.3Do not forget to explain why your probability distribution applies.22 mins ago
FIN405 Strayer University Relation of Prices of Call and Put and Stocks Essay
Navigate to the Yahoo! Finance Options Center at https://finance.yahoo.com/options/.
Next, in the search box at the top ...
FIN405 Strayer University Relation of Prices of Call and Put and Stocks Essay
Navigate to the Yahoo! Finance Options Center at https://finance.yahoo.com/options/.
Next, in the search box at the top of the page, enter a publicly traded
company (note, avoid penny stocks and thinly traded companies; instead,
search for large publicly traded companies to ensure you find
sufficient options for it). Click on the Options tab in the center of
the page to review your company’s calls and puts. Select one
in-the-money call or put and one out-of-the-money call or put. Indicate
in your response the company you selected, the current stock price, the
strike price for each of the two options, and which is in and which is
out of the money. Briefly explain why the prices of the call and put of
your selected stock are related.
Which relations is not a function
Which of the following relations is not a function? A. {(1, 3), (2, 3), (-1, 4), (-3, 3), (-2, 1)} B. {(-2, 4), (-3, 4), ...
Which relations is not a function
Which of the following relations is not a function? A. {(1, 3), (2, 3), (-1, 4), (-3, 3), (-2, 1)} B. {(-2, 4), (-3, 4), (-5, 4), (-1, 4), (-6, 4)} C. {(1, 0), (4, 2), (-3, 5), (1, 8), (2, 6)} D. {(7, 2), (-7, 3), (1, 8), (6, 4), (-5, 2)}
High School Probability and Statistics, Assignment Homework Help
i need somone who can get a 100 on this assingmentr... also... they need to be able to show all work and answer all 3 part ...
High School Probability and Statistics, Assignment Homework Help
i need somone who can get a 100 on this assingmentr... also... they need to be able to show all work and answer all 3 parts of the question....the last file is the file that has the actuall graded assingment in it.....the others are just part of the graded assingment..MAKE SURE U FINSIH ALL 3 PARTSS
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