Difference between discrete and continuous variables

Assignment Help Business Economics
Reference no: EM132144009

Describe the difference between discrete and continuous variables. Why do we need two different statistical tests to determine if differences in proportions are statistically significant verses differences in proportions. Give an example of types of data in a healthcare setting for which we could test mean differences, and one for which we could test proportion differences.

Reference no: EM132144009

Questions Cloud

What makes a company a multinational corporation : Determine in 175 words whether any of the identified strategies are more important or useful than the others.
Why do different countries differ in their IP laws : In other words, where do these numbers come from? Finally, why do different countries differ in their IP laws?
The threats associated with having employees telecommute : One of the threats associated with having employees telecommute is that they may use company-provided resources for a side business.
Create a menu-driven java program using object-oriented code : 300581 Programming Techniques Programming Project - Your task is to create a menu-driven Java program using object-oriented code to manage the inventory
Difference between discrete and continuous variables : Why do we need two different statistical tests to determine if differences in proportions are statistically significant verses differences in proportions.
Hospitals benchmark against non-health-care organizations : When should hospitals benchmark against non-health-care organizations? Under which circumstances?
Simple linear regression : Show that the predicted values of the least-square estimators in (1) and (2) are identical for all xi and zi
What is the net present value of the norwegian project : After supply and demand for the Japanese yen have adjusted according to purchasing power parity, the new exchange rate for the yen will be? Why?
Compute the confidence interval : The mean rating for 276 boys with the disorder was reported as 2.36 with a standard deviation of 1.07. (Round your answers to four decimal places.)

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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