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Discriminant analysis (DA) helps to determine which variables discriminate between two or more naturally occurring groups. Mathematically equivalent to MANOVA, it ' is extensively used when a set of explanatory variables are used to predict the group to which a given unit belongs (which is a nominal dependent variables). It cornhines the explanatory variables in order to create the largest F when the groups are used as a fixed factor in an ANOVA.
The model is constructed with a set of observations for which the classes are known. The set of observations are sometimes referred to as the training set.
Cartogram or Mapograph: Statistical maps are also used to represent data like density of population indifferent states in the country or different countries in the world or th
Replacement times for CD players are normally distributed with a mean of 7.1 years and standard deviation of 1.4years. Find the probability that a randomly selected CD player will
Consider the following new business venture. An agent is considering investment in one of three real estate parcels: • Option 1: multiunit rentals • Option 2: commercial building
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Theories of Business forecasting
Types of cost-reimbursable contracts are: Cost Plus Fixed Fee contract (CPPF): Compensation is based on a fixed sum independent of the final project cost. The customer a
Waht is the product of £ x
Let X 1 and X 2 be two independent populations with population means μ 1 and μ 2 respectively. Two samples are taken, one from each population, of sizes n 1 and n 2 re
Level of Significance: α The main purpose of hypothesis testing is not to question the computed value of the sample statistic, but to make judgment about the difference between
1. Recognize and explain the opportunities for statistical learning. 2. Describe how the use of statistics supports student learning. 3. Recognize appropriate data displays a
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