Review the rubric to make sure you understand the criteria for earning your grade. Be sure to use your most recent version of your research report. Review the article from the Spring 2017 issue of The DeVoe Report to understand the virtuous business model. Add two paragraphs to the research report just before the … Read more
Suppose the null hypothesis is not rejected. State the conclusion based on the results of the test. Six years ago, 12.2 % of registered births were to teenage mothers. A sociologist believes that the percentage has decreased since then. Which of the following is the correct conclusion? A. There is sufficient evidence to conclude … Read more
Scenario/Summary This week’s lab highlights the use of probability and normal distribution. Follow the directions below to gather data, calculate using Excel spreadsheets, and interpret the results. Deliverables The deliverable is a Word document with your answers to the questions posed below based on the data you find. Required Software Microsoft Word Microsoft Excel Prepare … Read more
Week 3: Basic Probability (Jan 27 – Feb 2) Read: Chapter 4: Empirical Probability (pp. 121-139 – Sections 4.1 and 4.2 and 142-145) Chapter 5: Discrete Probability Distributions Additional Learning Resources in Week 3: Module Do: Week 3 Study Group Discussion Participation Week 3 Homework Problems
Depreciation of an asset is an example of a real-world problem that functions can help solve. Consider this example, your new car depreciates in value every year you own it. Its cost is $30,000 new, and it depreciates at 15% per year. Functions will help you determine how much it is worth after five … Read more
Follow-Up Post Instructions (Discussion) Respond to at least one peer or the instructor. Further the dialogue by providing more information and clarification. Class, this week, we are studying the gas laws. For your second post, you will be trying your hand at applying one of the gas laws to a real-world situation. Consider a … Read more
Provide an example of a scenario where the measures of central tendency are skewed as a result of outliers. How can such a situation be identified and addressed? Next, provide an example of what information SS provides us about a set of data. Under what circumstances will the value of SS equal 0 and … Read more
Professor Ramos will participate in a lottery that will be played by five hundred participants. He buys a ticket for five dollars. If the lucky randomly selected winner gets one hundred dollars as a prize, what would Ramos’ expected winnings or losses be? (Show your calculations, interpret your results, and make sure you answer … Read more
Here is a useful calculator most of the work use the TVM http://www.fncalculator.com/financialcalculator?type=tvmCalculatorUse Excel to plug in the numbers Chapter 4 problems: 12, 24, 28, 30, 32, 34, 37, 41 Chapter 5 problems: 4, 8, 12, 14, 16, 20, 26, 28, 34, 40, 42, 54, 58, combined problem 4&5-2 o Note that interest rates are … Read more
Statistics is its own language; in fact, it is often called the language of science. Why do you think it is called the language of science? What does it mean to be statistically literate? Why is it important to be statistically literate?