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Chamberlain College of Nursing W6 Confidence Intervals Project
A confidence interval is a defined range of values such that there is a specified probability that the value of a paramete ...
Chamberlain College of Nursing W6 Confidence Intervals Project
A confidence interval is a defined range of values such that there is a specified probability that the value of a parameter lies within the interval.
In Part I of this project, you will analyze data, complete research and provide a write-up that includes calculations.
Introduction--Provide a description of the data you were provided and discuss what you know about the chosen topic.
Sample Data—Provide the 50 data values on your worksheet. You must provide ALL of your sample data.
Problem Computations—For the topic, you must answer the following:
Determine the mean and standard deviation of your sample.
Find the 80%, 95%, and 99% confidence intervals.
Make sure to list the margin of error for the 80%, 95%, and 99% confidence interval.
Create your own confidence interval (you cannot use 80%, 95%, and 99%) and make sure to show your work. Make sure to list the margin of error.
Provide a sentence for each confidence interval created which explains what the confidence interval means in context of topic of your project.
Problem Analysis—Write a half-page reflection.
What trend do you see takes place to the confidence interval as the confidence level rises? Explain mathematically why that takes place.
Explain how Part I of the project has helped you understand confidence intervals better?
How did this project help you understand statistics better?
4 pages
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MAT540 Homework Week 4 Page 1 of 5 MAT540 Week 4 Homework Chapter 15 1. The manager of the Carpet Ci
MAT540 Homework
Week 4
Page 1 of 5
MAT540
Week 4 Homework
Chapter 15
1. The manager of the Carpet City outlet needs ...
MAT540 Homework Week 4 Page 1 of 5 MAT540 Week 4 Homework Chapter 15 1. The manager of the Carpet Ci
MAT540 Homework
Week 4
Page 1 of 5
MAT540
Week 4 Homework
Chapter 15
1. The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customer will buy their carpet from one of Carpet City’s many competitors. The manager has collected the following demand data for the past 8 months:
Month
Demand for Soft Shag
Carpet (1,000 yd.)
1
10
2
9
3
8
4
9
5
10
6
12
7
14
8
11
a. Compute a 3-month moving average forecast for months 4 through 9.
b. Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of 0.55, 0.35, and 0.10 to the months in sequence, starting with the most recent month.
c. Compare the two forecasts by using MAD. Which forecast appears to be more accurate?
2. The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from
2. Do the statistics suggest to you that returns for those risk factors come from the same distribution over the entire period? 3. Make a plot showing the growth of $1 in each of the three “risk factors (portfolios)” over the full sample. (Recall, this
Requirements are all in the following file--Experiential Learning.
2. Do the statistics suggest to you that returns for those risk factors come from the same distribution over the entire period? 3. Make a plot showing the growth of $1 in each of the three “risk factors (portfolios)” over the full sample. (Recall, this
Requirements are all in the following file--Experiential Learning.
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Most Popular Content
Chamberlain College of Nursing W6 Confidence Intervals Project
A confidence interval is a defined range of values such that there is a specified probability that the value of a paramete ...
Chamberlain College of Nursing W6 Confidence Intervals Project
A confidence interval is a defined range of values such that there is a specified probability that the value of a parameter lies within the interval.
In Part I of this project, you will analyze data, complete research and provide a write-up that includes calculations.
Introduction--Provide a description of the data you were provided and discuss what you know about the chosen topic.
Sample Data—Provide the 50 data values on your worksheet. You must provide ALL of your sample data.
Problem Computations—For the topic, you must answer the following:
Determine the mean and standard deviation of your sample.
Find the 80%, 95%, and 99% confidence intervals.
Make sure to list the margin of error for the 80%, 95%, and 99% confidence interval.
Create your own confidence interval (you cannot use 80%, 95%, and 99%) and make sure to show your work. Make sure to list the margin of error.
Provide a sentence for each confidence interval created which explains what the confidence interval means in context of topic of your project.
Problem Analysis—Write a half-page reflection.
What trend do you see takes place to the confidence interval as the confidence level rises? Explain mathematically why that takes place.
Explain how Part I of the project has helped you understand confidence intervals better?
How did this project help you understand statistics better?
4 pages
Analysis Of Average Cost Per Square Foot
Analysis of average cost per square foot of home sale H0 : Average cost per square foot in the pacific region is 275
Analysis Of Average Cost Per Square Foot
Analysis of average cost per square foot of home sale H0 : Average cost per square foot in the pacific region is 275
4 pages
Summary And Descriptive Statistics
Attached is a screenshot from the excel spreadsheet for the calculations done in regards to the measures of Variation as w ...
Summary And Descriptive Statistics
Attached is a screenshot from the excel spreadsheet for the calculations done in regards to the measures of Variation as well as the measures of ...
9 pages
MAT540 Homework Week 4 Page 1 of 5 MAT540 Week 4 Homework Chapter 15 1. The manager of the Carpet Ci
MAT540 Homework
Week 4
Page 1 of 5
MAT540
Week 4 Homework
Chapter 15
1. The manager of the Carpet City outlet needs ...
MAT540 Homework Week 4 Page 1 of 5 MAT540 Week 4 Homework Chapter 15 1. The manager of the Carpet Ci
MAT540 Homework
Week 4
Page 1 of 5
MAT540
Week 4 Homework
Chapter 15
1. The manager of the Carpet City outlet needs to make an accurate forecast of the demand for Soft Shag carpet (its biggest seller). If the manager does not order enough carpet from the carpet mill, customer will buy their carpet from one of Carpet City’s many competitors. The manager has collected the following demand data for the past 8 months:
Month
Demand for Soft Shag
Carpet (1,000 yd.)
1
10
2
9
3
8
4
9
5
10
6
12
7
14
8
11
a. Compute a 3-month moving average forecast for months 4 through 9.
b. Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of 0.55, 0.35, and 0.10 to the months in sequence, starting with the most recent month.
c. Compare the two forecasts by using MAD. Which forecast appears to be more accurate?
2. The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from
2. Do the statistics suggest to you that returns for those risk factors come from the same distribution over the entire period? 3. Make a plot showing the growth of $1 in each of the three “risk factors (portfolios)” over the full sample. (Recall, this
Requirements are all in the following file--Experiential Learning.
2. Do the statistics suggest to you that returns for those risk factors come from the same distribution over the entire period? 3. Make a plot showing the growth of $1 in each of the three “risk factors (portfolios)” over the full sample. (Recall, this
Requirements are all in the following file--Experiential Learning.
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