What-if Analysis, Applied Statistics

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Sampling error , Sampling Error  It is the difference between the value...

Sampling Error  It is the difference between the value of the actual population parameter and the sample statistic. Samples are used to arrive at conclusions regarding the p

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how to interpret results, a good explanation to help me understand.

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First Moment of Dispersion or Mean Deviation Mean deviation or the average deviation is the measure if dispersion which   is based upon all the items in a variable .It is the a

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a 100 squash balls are bounce from height of 100 inches with average height 30 inch with standard deviation 3/4 inch. a ball is fast if bounce above 32 inch. what is chance of gett

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Motion Picture Industry (95 Points) The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and t

Standard gaussian random variable , You will recall the function pnorm() fr...

You will recall the function pnorm() from lectures. Using this, or otherwise, Dteremine the probability of a standard Gaussian random variable exceeding 1.3.  Using table(), or

Factor loadings matrix, As we stated above, we start factor analysis with p...

As we stated above, we start factor analysis with principal component analysis, but we quickly diverge as we apply the a priori knowledge we brought to the problem. This knowled

Multivariate statistical methods, As one of the oldest multivariate stati...

As one of the oldest multivariate statistical methods of data reduction, Principal Component Analysis (PCA)simplifies a dataset by producing a small number of derived

Poisson distribution, Poisson Distribution The poisson Distribution  wa...

Poisson Distribution The poisson Distribution  was discovered  by French mathematician simon  denis  poisson. It is a discrete probability distribution. Meaning : In bi

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Test for Equality of Proportions For example, we may want to test whether the percentage of smokers (p 1 ) among the males equals the percentage of female smokers (p 2 ). W

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