PreparED Study Materials
Notes
Videos
Comparing Plastic Gear Strengths: Supplier 1 vs. Supplier 2 Analysis
Want To Learn More? To watch the entire video and ALL of the videos in the series:
This video presents a comparison between two suppliers of plastic gears in terms of their mean impact strength. Using statistical tools like the two-sample t-test and confidence intervals, we evaluate which supplier offers stronger gears.
Let Y be a random variable with mean 11 and variance 9
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Comparing Stock Returns & Volatility: T-test and F-test Insights
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Compare the mean returns and volatilities of two stocks using t-test and F-test methods. Through the application of hypothesis testing and P-value calculations, we determine which stock provides higher returns and which is riskier.
Analyzing Salad Habits: A Statistical Look at 85.5%
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Examine a survey of 200 adults regarding salad consumption, leading to a sample proportion of 85.5%. Using hypothesis testing and z-test calculations, the video determines whether more than 85% of American adults eat salad weekly. The results offer statistical insights into dietary habits.
Assumptions in Statistics: A High School Age Distribution Error
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Analyze the statistical assumptions made about high school students' ages, emphasizing the importance of understanding distributions before applying the Standard Normal Table.
Confidence Intervals for Bag Weights: A Statistical Guide
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Understand the process of determining the 94.26% confidence interval for the median weight of "80-pound" bags of water softener pellets using a standard normal table and specified formulas. Additionally, explore the steps to deduce a confidence level of 90.47%.