STAT 710: STAT 710

Discover how to compute the likelihood of observations exceeding a certain value in a chi-square distribution with 4 degrees of freedom. Using the binomial distribution formula, evaluate the chances of at most 3 out of 15 observations surpassing the 7.779 mark. Results highlight the intricacies of data distributions.

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.

Explore the intricacies of calculating probabilities using set theory concepts such as union and intersection. With step-by-step computations, understand how to find the likelihood of events A and B occurring or not occurring together. Witness the application of classic probabilistic formulas.

Explore the salary distribution of U.S. teachers using statistical analysis. Understand the probabilities of different salary brackets and evaluate a potential job offer in the context of nationwide data.

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.