STAT 703: STAT 703

Unravel the concept of the "margin of error" within the context of estimating children's exposure to lead-based paint. Through clear explanations, comprehend the importance of acknowledging uncertainty in statistical findings and how it represents a range for potential true values.

Discover how to construct a confidence interval for understanding U.S. adult satisfaction. Using a sample from a 2010 Gallup Poll, we unveil the proportion of adults pleased with the state of affairs, backed by statistical calculations.

Learn how to determine the mean and modal class for bonuses in millions. Understand midpoint calculations and how frequencies impact results. Gain insights into bonus distributions in the financial realm.

Explore the claim that average daily water consumption is 123 gallons. Using statistical testing, we evaluate a new sample against the Old Farmer’s Almanac claim. Learn how to interpret p-values and t-scores in hypothesis testing.

Explore the application of proportion z-tests in analyzing exit polling data. Understand how to determine the likelihood of sample results given a population proportion. Recognize the importance of considering non-sampling errors in interpreting exit poll outcomes.

Explore the steps to conduct a two-sample t-test using a control and supplemented group. Through hypothesis testing, standard deviation, and P-value interpretation, we analyze the means of both groups to determine statistical differences.