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

  Confidence interval for mean-known standard deviation

Construct and interpret 90 percent on confidence interval for the mean. Be sure to interpret the meaning of this interval.

  True or false based on simple linear regression model

The simple coefficient of determination is the proportion of total variation explained by the regression line.

  Decision rule for rejecting a null hypothesis

If you use a 0.10 level of significance in a two-tail hypothesis test, what is your decision rule for rejecting a null hypothesis that the population mean is 500 if you use the Z test?

  Overall sampling error in the entire distribution

One measure of the overall sampling error in the entire distribution of sample means is the

  Four straight tosses of dice

Gigi has rolled a natural on four straight tosses of the dice. This excites the gamblers standing around the table.

  Probability of the mean price

What is the probability that the mean price for a sample of 30 service stations is within $.03 of the population mean (to 4 decimals)?

  Concept of law of averages

if you sample 100 people and 20 turn out to be over 65 inches tall, you get $20. Which is better: a sample of size 100 or a sample of size 1,000? Choose one and explain. Does the law of averages relate to the answer you give?

  Payback period to implement new product

Determine payback period for implementing Oracle Discoverer? Assume that WebFocus will be in-place until December 31 and the migration to Oracle will be done concurrently and is expected to be completed and operational by Dec 31 as well.

  Control charts this problem will be referred to in the study

Binomial Distribution: Control Charts this problem will be referred to in the study of control charts. In the binomial probability distribution, let the number of trials be n = 3, and let the probability of success be p = 0.0228.

  To find the z score for given value of x

A random variable X is normally distributed with mu = 60 and standard XXX = 11. What is zscore for X = 71

  Quantitative analysis and demand

Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Advance sales are so small that Weiss has no way to estimate the demand for the red roses.

  What is the probability that more than 950 will accept

Assuming that students make their decisions independently, the number who accept has the B (1200, 0.75) distribution. If this number is less than 950, the college will admit students from its waiting list.

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