PreparED Study Materials
STAT 237: Basic Business Statistics
School: Missouri State University
Number of Notes and Study Guides Available: 2
Study Guides
Videos
Brand X vs. Brand Y: 95% Confidence in Voltage Difference
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Compare the voltages of Brand X and Brand Y batteries using statistical analysis. Learn how to determine a 95% confidence interval for their mean differences. Understand the process from data collection to interpretation of results.
Understanding Null vs Alternative Hypotheses in Real-world Scenarios
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Explore various scenarios and understand the fundamental principles of the null and alternative hypotheses in statistical testing. This video breaks down how these hypotheses represent current beliefs and potential deviations, aiding in the interpretation of statistical findings.
Uniform Data: Probabilities of Sample Means
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This video offers a comprehensive look into the discrete uniform population, analyzing a sample size of 54 selected with replacement. Through calculated steps, viewers learn how to determine probabilities for a sample mean within specified limits. Utilizing Z-scores and standard normal tables, the session illuminates statistical principles in real-world scenarios.
Poisson Distribution in Event Count & Uranium Discovery
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Explore the dynamics of Poisson distribution using both theoretical understanding and a practical application related to discovering uranium deposits. With the help of Bayes' formula and parameter adjustments, interpret various probabilities and outcomes for event occurrences.
Choosing Samples: The Math of Online Freebies
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Discover the mathematical principles behind choosing free samples in online shopping scenarios. Understand combinations, how to calculate them, and see real-world examples of selecting multiple items.
Evaluating Expressions Using a Set of Scores
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Discover the methodology behind evaluating various mathematical expressions using a given set of scores. By interpreting and applying summation notation, learn how to compute the desired results from a set of numbers. Key conclusions showcase the step-by-step calculations and their significance.