14 Sep 2023
StatisticsTractor Sales Scenario
Explain why this tractor sales scenario can be a binomial experiment.
The tractor sales scenario can be a binomial experiment since there is fixed
number of trials. The outcome of every trial is either a success...
14 Sep 2023
StatisticsStandard Error: Definition, Formula, and Examples
What is the standard error?
The standard error is a measure of spread. The higher the data spread, the
higher the standard error. It informs analysts how the mean of a specific
sample differs from the true...
14 Sep 2023
StatisticsStatistical Thinking in Healthcare: How to Use Data to Improve Patient Care
Prescription errors in pharmacy result from mistakes during the prescription
writing process or a prescribing decision (Gursanscky et al. 2018, p. 29). It
includes errors made by a physician like incorrect frequency...
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14 Sep 2023
StatisticsAthletic Apparel, Footwear & Gear
Summary
Machine is a retailing company based in Florida that deals with athletic
apparels. It has a wide array of products in its line which it plans to expand
even further after kick off. The main aim of the...
14 Sep 2023
StatisticsWhat are Confidence Intervals?
In this task, the Confidence interval used; 95% or 99% which are common. Here
are the already known Z values for some of the common Confidence intervals and
the CIs results;
_C I of Difference using z-scores ...
14 Sep 2023
StatisticsApplying Decision Trees for Value-Based Customer Relations Management: Predicting Airline Customers’ Future Values
Explanation of the Conclusions Reached By the Case
Tirenni, Kaiser and Herrmann (2007), discusses a case study of an airline that
uses the decision tree in the segmentation of customers into four categories
and...
14 Sep 2023
StatisticsHow Healthcare Services Affect a Country's Economic Condition
In this assignment, the Afrobarometer dataset has been used. The two variables
of interest are healthcare services from country by region and Country's
economic condition. Basically, country by region is aimed at...
14 Sep 2023
StatisticsCustomers' Satisfaction Ratings for the Top 100 Companies in the UK
Survey Question_ : What is the Impact of the Mean of Customers'
Satisfaction Ratings on Burgers at Bills Hotel in October 2020?
Bills Hotel is located in New York. It was launched in 2017 and had 16
employees;...
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14 Sep 2023
StatisticsDescriptive Statistics: Definition, Types, and Examples
Variables can be classified into quantitative and qualitative variables.
Qualitative variables are also referred to as categorical variables.
Quantitative variables can further be classified into discrete and...
14 Sep 2023
StatisticsHow to Use Technology Strategically
Maryland Technology Consultants, Inc. (MTC) is an information technology (IT)
firm that provides consultative services in the business process, IT, and IT
outsourcing. The firm was founded in May 2008 with its...
