In what ways and why is the given approach important

Assignment Help Business Management
Reference no: EM131360703

Discussion Question

Part One - Confidence Intervals

Read Lecture Thirteen. Lecture Thirteen introduces you to confidence intervals. What is a confidence interval, and why do some prefer them to single point estimates? Ask your manager what is preferred and why? What are the strengths and weaknesses of using confidence intervals in making decisions?

Part Two - Chi Square

Read Lecture Fourteen. As Lecture Fourteen notes, the chi-square test is-in some ways-fundamentally different than the previous tests we have looked at. In what ways and why is this approach important? Examples were shown of gender-degree distributions and employees per grade. How do these tests help with understanding our equal pay for equal work question? Do they change or reinforce our decision from last week? What situations in your personal or professional lives could use a chi-square approach?

Part Three - Overall Reactions

Has your opinion about statistics changed? How can statistical analysis help your professional career?

Attachment:- Lecture_13_14.rar

Verified Expert

This task provides a clear working example of confidence intervals and its comparison with single point estimates. chi square test for independence was used to test the association between two qualitative variables. The analysis plan describes how to use sample data to accept or reject the null hypothesis.

Reference no: EM131360703

Questions Cloud

What is a database management system : " Do You Know What It Takes to Design an HRIS Database Management System (DBMS)?: Please respond to the following:First, watch the following two (2) videos from the lynda.com course Relational Database Fundamentals with Adam Wilbert. Then, respond ..
Rank the projects using the profitability index : Rank the projects using the profitability index. Considering the limit on funds available, which projects should be accepted? Using the NPV, which projects should be accepted, considering the limit on funds available? If the available investment fund..
What are the circumstances surrounding the request : What are the circumstances surrounding the request? How do you think each audience will react to the message? What information will be especially important to each audience?
Discuss about the post given below : Read the Discussion Participation Scoring Guide to learn how the instructor will evaluate your discussion participation throughout this course.Outline the major aspects of an organizational theory of your choice within the parameters set forth be..
In what ways and why is the given approach important : In what ways and why is this approach important? Examples were shown of gender-degree distributions and employees per grade. How do these tests help with understanding our equal pay for equal work question?
Short run profit outlook for american refineries : Suppose the United States imposes a $10 per barrel tariff on imported refined oil products.  a. What is the short run profit outlook for American refineries? What is the long term profit outlook?
Percent to four decimal places : Calculate the return, in percent to four decimal places, of the stock market for June 4.
How it is concerned that there is terrorism in egypt : In 2015 the jihadist group Boko Haram committed on if the worst terroristic attacks that the group every carried out. The Baga Massacre began on January 3rd 2015, the exact amount of dead still remain unclear but some estimate is ranged from 100 t..
Determining the maturity risk premium : The real risk-free rate of interest is 4%. Inflation is expected to be 2% this year and 4% during next 2 years. Assume that the maturity risk premium is zero. What is the yield on 2 year treasury securities? What is the yield on 3 year treasury se..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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