14 Sep 2023
StatisticsHow to Write a Statement of Interest for a Job
I am applying for a master’s program in MSc for the fall of 2019 and this is
after earning my BSc degree. I aspire to develop new programs and software to
enable solving business problems. The desire to come up with...
14 Sep 2023
StatisticsHypothesis Testing: Definition, Steps & Examples
Efficiency is one of the most sought aspects today. Whether at home or the
workplace, people are increasingly aiming at having maximum output using fewer
resources. Besides this, at the workplace, employees are keen...
14 Sep 2023
StatisticsChi-Square and T-Test: The Ultimate Guide
The chi-square test is used with the categorical data while the t-test is used
for continuous data. In both tests, a p-value is determined to ensure the
significance of the tests. In this report, the tables comparing...
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14 Sep 2023
StatisticsHow to Use the Correlation Coefficient in Real Life
Correlation coefficient is a statistic that is used to analyze how strong a
relationship is between two or more variables. Different types of correlation
exist but the most common type of correlation is the Pearson’s...
14 Sep 2023
StatisticsChances of Winning and the Numbers Selected
The probability of winning the jackpot is highly not in my favor as the
chances of winning are 1:55,000,000. Probability is defined as the evaluation
of the eventuality that an event will happen at a random...
14 Sep 2023
StatisticsTesting Multiple Regression
One uses regression analysis to find out which dependent variable connects to
which independent variable. In a particular data, one can use linear
regression to estimate the connection of variables by fitting an...
14 Sep 2023
StatisticsHow To Measure Public Opinion
The purpose of reviewing the two surveys/polls (one political and the other
environmental) is to analyze and measure their efficiency. First, is the
description of the polls and then analyses of the number of...
14 Sep 2023
StatisticsHow to Calculate a Confidence Interval
A confidence interval is defined as an estimate of population interval which
is calculated from data observed. It provides a range in which the unknown
population parameters lies i.e., it offers the upper and lower...
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14 Sep 2023
StatisticsHow to Use a Decision Tree and Value of Information Analysis
Introduction
Diligent Consulting Group has learnt of various investment opportunities that
your investment company could reach out for. The available options for the
investment are in Real Estate Development,...
14 Sep 2023
StatisticsStatistics, Research, and Ethical Considerations
Qn. Why is it important that statistical research follow ethical guidelines?
_Answer _
Firstly, the ethical guidelines are important as they help in the promotion of
the goals of the research. The reason behind...
