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For each of the following situations choose the statistical model that you find to be the most appropriate. Justify your choice.
a) We are interested in assessing the effects of temperature (low, medium, and high) and technical configuration on the amount of waste output for a manufacturing plant. Suppose that we have randomly selected 5 technical configurations out of 100 configurations, and we want our conclusions to apply to all 100 configurations.
b) We are evaluating the association between the presence of a very rare adverse event (yes, no) and the treatment received (placebo, new drug) for a group of 100 patients. We want to be able to control for age (in years).
c) We are evaluating the effectiveness of five different diets with respect to weight loss. Fifty women were randomly assigned to each one of the five different diet regimens, and the weight loss during a one year period was recorded.
d) We are interested in evaluating the relationship between the levels of C-reactive protein and the body mass index for a sample of 1000 middle aged African-American women.
e) We are interested in comparing (on average) the housing prices (in thousands of dollars) for five specific locations within the same city. To allow for fair comparisons we will take into account the size of the house (in square feet) and the age of the house (in years).
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
Analytical Approach We will illustrate this through an example. Example 1 A firm sells a product in a market with a few competitors. The average price charged by the
Empirical Mode Where mode is ill-defined, its value may be ascertained by the following formula based upon the empirical relationship between Mean, Median and Mode: Mode = 3
Calculation for Discrete Series or Ungrouped Data The formula for computing mean is = where, f = fr
A study was designed to investigate the effects of two variables - (1) a student's level of mathematical anxiety and (2) teaching method - on a student's achievement in a mathemati
1. Calculate the mean and mode of: Central size 15 25 35 45 55 65 75 85 Frequencies 5 9 13 21 20 15 8 3 The following data shows the monthly expenditure of 80 students of
it is said that management is equivalent to decision making? do you agree? explain
Perform clustering of the unlabeled data set. You could use provided initial centroids set or generate your own. Also there could be considered next stopping criteria : - maxim
There may be two values which occur with the same maximum frequency. The distribution is then called bimodal. In a bimodal distribution, the value of mode cannot be determined with
Create the Venn diagram: A - you work for an insurance company. 80% of your company's staff is sales force and 70% of your company's sales is force is male. in your company
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