Description of descriptive and inferential statistics

Assignment Help Basic Statistics
Reference no: EM1394042

What are the main differences between descriptive and inferential statistics? Give examples of each.

When would random sampling not be the best approach to sample selection? Give an example.

Reference no: EM1394042

Questions Cloud

Provides principles for allocating the fair value : Business Combinations, provides principles for allocating the fair value of a acquired business. When the collective fair values of the separately identified assets acquired and liabilities assumed exceed the fair value of the consideration transf..
Interaction dummy variables : Let's suppose that we have 2 variables year and age.. I use STATA to make them into dummy variables as follows:
Find out where corporate responsibility ends : Select an industry of your choice also find out explain how ethical behaviour also social responsibility could benefit such an industry. Provide specific e.g. to support your response.
Performance evaluation based on accounting measures : Read Using Shareholder Value to Evaluate Strategic Choices - The basic principle of the article is that performance evaluation based on accounting measures alone is not sufficient.
Description of descriptive and inferential statistics : What are the main differences between descriptive and inferential statistics? Give examples of each. When would random sampling not be the best approach to sample selection? Give an example.
How could other industries apply the cooperative model : Explain how could other industries apply the cooperative model used by Avalanche to achieve efficiencies in areas other than software support? Explain.
Break even analysis of luxury skyboxes built : When planning the new baseball stadium for Washington DC, you are asked to find the break-even point for the number of luxury skyboxes built.
Difference of martian code and earth code : Suppose that you discover a new life form on Mars. These organisms have DNA containing the same four nucleotides as Earth DNA. They also make proteins using a triplet code, so they use the same 64 codons that Earth organisms do.
How to assess strengths and areas of concern : Explain how you would go about assessing strengths and areas of concern in the selected aggregate. Whom would you interview and why?

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Age distribution of patients

Office Visits what is the age distribution of patients who make office visits to a doctor or nurse?

  Determine sampling distribution of sample mean

A normal population has a mean of 75 and a standard deviation of 5. You select a sample of 40. Compute the probability the sample mean is

  Probabilities of a random experiment

A certain random experiment can result in one of four different possible outcomes, which we'll call A, B, C and D.

  Determining hypothesis statement and distribution

Write the hypothesis statement. What distribution are you using?

  Estimating median and first and third quartiles

Then use ogive to estimate median and first and third quartiles. Also utilize it to reply following question: What percent of 60 mutual fund loads are less than 75.

  Determining probability of selecting sample with mean

Determine the probability of selecting sample with a mean of more than $100,000 but less than $112,000.

  Drawing the complete decision tree

Draw the complete decision tree and determine whether the product should be launched or not.

  Considering hypothesis test

A sample of 50 provided a sample mean of 14.15. The population standard deviation is 3.

  Computing probability using normal probability distribution

Make use of normal probability distribution features of EXCEL to help determine the probability.

  Make up a scatter diagram

Make up a scatter diagram with 10 dots for each of the following:

  Population standard deviation

To test whether the population standard deviation differ significantly using Chi-Square test.

  Detailed explanation to decision analysis

A farmer in South Carolina must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with Russia passes the Senate.

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