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Think of your favorite casino game (craps, black-jack, roulette, etc) and analyze the probabilities of a few different outcomes. For example what is the probability of getting three straight craps (seven) in the game of craps?
Discuss how graphical representations can be used to display data in a meaningful way. Choose a specific business application and describe an example of a specific graph or chart that can be used to interpret data and why it is so useful.
Discuss the purpose of transforming raw scores into standard scores. Describe what "normal distribution" means. Describe measures of variability and explain how they can help therapist understand assessment data.
You sample a group of computers and use the sample statistics to calculate a 95% confidence interval of (-10.95, -1.5). This interval estimates the difference of (average boot time (HDD) - average boot time (SSD)). What can we conclude from this i..
The z-score of 1.33 tells you that Eric's time to get to work is 1.33 standard deviations from the mean.
In the graphical method, how do you know when a problem is infeasible, unbounded, or when it has multiple optimal solutions? Give a real-world example of when you could have an infeasible problem.
A doctor believes that the variance of systolic blood pressure is 470. A random sample of 20 patients found a variance of 525. What is the smaller critical value that would be used in a hypothesis test at a .05 significance level?
In your own words, define epistemology and ontology. Why are these concepts important to the study of research? How might the concepts influence your future research?
There are 20 qualified applicants for 5 trainee positions in a fast-food management program. How many different groups of trainees can be selected?
Interpret the three confidence intervals in terms of whether there is a significant difference between the mean of the sample and a hypothesized mean of 150.
A local tire dealer wants to predict the number of tires sold each month. He believes that the number of tires sold is a linear function of the amount of money invested in advertising.
The following table shows the number of miles driven in each trial.
Develop 3 regression models to forecast selling price based upon each of other factors individually. Which of these is best?
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