Managers accept the results better why

Assignment Help Basic Statistics
Reference no: EM13532181

Discussion 1: Many people do not "like" or "trust" single point estimates for things they need measured. How might adding confidence intervals help managers accept the results better? Why?
Ask a manger in your organization if they would prefer a single point estimate or a range for important measures, and why? Please share what they say.

Discussion 2: Chi-square tests are great to show if distributions differ or if two variables interact in producing outcomes. What are some examples of variables that you might want to check using the chi-square tests? What would these results tell you?

Reference no: EM13532181

Questions Cloud

Membrane lipid problem : Which of the following is NOT a membrane lipid? wether during mitosis ormeiosis , sister chromatids are held together by proteins referredto as cohesions. Such molecules must have which of the followingproprties:
Explain which requirements are met and which are not : A student drilled a hole in a die, loaded it with lead weight, and then rolled the die 200 times. The observed frequencies for the outcomes of 1, 2, 3, 4, 5, and 6 are respectively 27, 31, 42, 40, 28, and 32. Would you be able to conduct a goo..
Determine what is the kinetic energy of the cart : A cart has a mass of 851.8 g the attached string has a tension of 0.36 N and a displacement of 40.9 cm. what is the kinetic energy of the cart
Evaluate the charge on the particle : A charged particle is moving horizontally westward with a velocity of 3.5 × 106 m/s in a region, What is the charge on the particle
Managers accept the results better why : Discussion 1: Many people do not "like" or "trust" single point estimates for things they need measured. How might adding confidence intervals help managers accept the results better? Why?
Determine whether families with income : Determine whether families with income of $40,000 will have to spend less than $6,500 to send their children to prestigious colleges. (Use α = 0.05.)
Evaluate the work done by the tension : A cart of a mass (8.51 +/- 0.1) g is configured in a setup. Determine the work done by the tension
Evaluate the mass of jupiter : Europa, one of the moons of Jupiter, was discovered by Galileo in 1610. Europa has a circular orbit of radius 6.708 105 km and period 3.551 days. Find the mass of Jupiter
Determine what will be the final speed of the cart : You're riding on a cart, carrying a box, moving at an initial speed of vi. You throw the box off the cart such that it lands at rest, what will be the final speed of the cart

Reviews

Write a Review

Basic Statistics Questions & Answers

  Another one i need these corrected so i can figure the

another one i need these corrected so i can figure the correct way. please helpdf is wrong can not pool variances when

  Calculate average percent change for nine months

The Bureau of Labor Statistics in its Monthly Labor Review published the over per month percent change in the price index for imports from April 2006 to April 2007. Calculate the average percent change for the 9 months of 2006 and the 4 months of 2..

  Probability that item selected for inspection is defective

The company has evidence that its line produces %0.9 of noncorforming items. What is the probability that an item selected for inspection is classified as defective?

  Find probability that sheer guesswork yields correct answers

What is the probability that sheer guesswork yields betwenn 25 to 30 correct answers for the test (assume the student has no knowledge of the problems). Be sure to justify why you can use the method you do.

  Regression equation and percentage of variance

Find the regression equation and percentage of variance and test whether the equation is significant portion of the variance.

  Capturing the true mean of the population

A SRS of size 16 drawn from a Normally Distributed population has a mean of 30 and a standard deviation, s, of 5. With 95% confidence, what is the interval that captures the true mean of the population?

  Determining suitable distribution and critical value

Find out which (t-, z- or neither) distribution is suitable  Then if you can utilize either a t- or z- distribution, provide associated critical value (critical t- or z- score) from that distribution to reach given confidence level.

  One-tailed test of null hypothesis

Using data on average school grade for first use. Use the t test to conduct a one-tailed test of the null hypothesis, assuming that the average grade is higher for males than for females

  Factorial experiments

Can you determine the number of levels used for each factor? Explain. Describe a treatment for this experiment and determine the number of treatments used.

  Two tailed test for composition course effect

If writing scores for population have standard deviation of s = 20, does sample give sufficient evidence to conclude that new composition course has significant effect? Suppose a two tailed test with a = 0.05.

  Calculate and interpret the effect size for this test

A researcher hypothesizes that people who listen to classical music have higher concentration skills than those in the general population. On a standard concentration test, the overall mean is 15.5. The researcher gave this same test to a random samp..

  Simple and conditional probabilities

Since she is allowed to reserve one time if her first serve is out what should her serving strategy be?

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