Common statistical analysis technique

Assignment Help Basic Statistics
Reference no: EM13107751

We utilize the goodness of fit test (chi square) to understand if the observed frequencies within our sample behave as expected (when compared to either a different sample of the population).

Discuss where this common statistical analysis technique might be useful in your business. Is it being used already? If not, how will you help introduce others to it?

Reference no: EM13107751

Questions Cloud

Relationship between party affiliation and gender : Conduct a study to examine the relationship between party affiliation and gender. You find the following:
Unbearable for leaders to be ethical and successful : Must leaders be judged solely on their end achievements? Or the means they choose as well reflect on their leadership qualities? Are employees, shareholders and society too quick to excuse leaders who use questionable means
Compute the optimal size of production run : The 3M incorporate produces solar cell panels, and the production rate can be 8,000 pieces per day. The demand for the solar panel is 30,000 pieces per month.
Bankruptcy laws have been utilized to help product liability : Bankruptcy laws have been utilized to help reach settlements in major product liability lawsuits. By using financial projections to display that contingent claims against the company jeopardize
Common statistical analysis technique : Discuss where this common statistical analysis technique might be useful in your business. Is it being used already? If not, how will you help introduce others to it?
Calculate the optimal order quantity : A special coffeehouse sells colombian coffee at a fairly steady reat of 30 pounds per month. The beans are purchased from a local supplier for $3.20 per pound.
What information systems are in use in hsbc : What Information Systems are in use in HSBC example TPS, MIS, DSS, ESS, etc.? Explain what their roles in enhancing decision making are and what database technologies are in use in HSBC?
Chi-squared test-linear regression : What is the null hypothesis in a chi-squared test of independence? List the assumptions under which the linear regression model is supposed to work.
What are the possible resistance factors : What are the possible resistance factors? Your perspective in this procedure is that of a consultant and your report should comprise interviews and observations as well as recommendations. The paper's recommendations must also demonstrate strategi..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Cloning human embryos

A recent Survey indicated that 18% of America adults were in favor of cloning human embryos. What is the probability that in a group of 30 adult Americans

  Effect of question content and wording for response strategy

How do question content and wording, response strategy, and preliminary analysis planning affect question construction?

  Examining the humour on interpersonal attraction

In studies examining the effect of humour on interpersonal attraction, McGee and Shevlin (2009) found that an individual's sense of humor had a significant effect on how the individual was perceived by others.

  Random-effects anova

A random-effects ANOVA refers to the analysis where the levels included in the study represent a random sample of all levels that exist.

  Presidential election and margin of error

Polls showed the two main candidates in the 2004 presidential election were nearly tied on the day before the election. To predict the winner a newspaper would like to have a poll that has margin of error less than 1%. Roughly how large a sample w..

  Calculate the value of pearson correlation

Calculate the value of Pearson correlation. Illustrate what information is provided by the numerical value of the Pearson correlation.

  Test for the kleenex case

What are the hypotheses we would want to test for the Kleenex case?

  Confidence interval for relevant parameter at time of survey

In 2006, the Florida poll conducted by Florida International University asked whether current environmental regulations are too strict or not too strict. Of 1200 respondents. 229 said they were too strict. Find and interpret a (a) 95%. (b) 99% con..

  Graphical display relationship between variable-scatter plot

Below are revenue and profit (both in $ billions) for nine large entertainment companies.

  Colorado brook trout

The length of a Colorado brook trout is normally distributed. What is the probability that a brook trout's length, (Round your answers to 4 decimal places.)

  Confidence interval-prediction interval

Hanna Properties specializes in custom-home resales in the Equestrian Estates, an exclusive subdivision in Phoenix, Arizona. A random sample of nine custom homes currently listed for sale provided the following information on size and price.

  To find the sample size based on the normal distribution

A processor of carrots cuts green top off each carrot, washes the carrots, and inserts six to a package. Twenty packages are inserted in a box for shipment. To test weight of the boxes, a few were checked.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd