PreparED Study Materials

STAT 206: Elementary Statistics for Business

School: University of South Carolina

Number of Notes and Study Guides Available: 19

Notes

Study Guides

Videos

Computing Probabilities: College Students & Computer Ownership
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Understand the probabilities of computer ownership among university first-year students through various scenarios. This video breaks down calculations for chances of ownership and non-ownership among random groups.

Margin of Error: Decoding the Uncertainty in Estimates
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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.

Real Cowboys' Lifespan: Debunking Wild West Myths
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Explore the actual longevity of legendary cowboys using a detailed sociological study. With data visualization and historical references, challenge popular stereotypes and understand the reality of cowboy lives in the late 19th century.

Analyzing Ford F-750 Mileage Using Z-Scores & Probabilities
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Explore how z-scores help analyze the mileage of Ford Super Duty F-750 trucks. Discover the percentages that reached specific mileage markers and grasp the significance of data using the z-table.

Sullivan's Algebra Scores: Frequency to Probabilities Analysis
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Explore Sullivan’s College Algebra homework score analysis, from frequency distribution construction to in-depth statistical calculations such as standard deviation. Discover histogram visualizations, mean and median interpretations, and probability estimations for various score thresholds. Utilize Excel functions for precise calculations.

Estimating Study Hours: A 99% Confidence Method"
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Explore how a university dean estimates freshmen study hours using statistical methods. Understand the importance of z-scores, confidence levels, and sample sizes in making accurate predictions. Learn how to ensure results are within a desired error margin.

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