STAT 3000: STAT Analysis for Business I

Unpack a Seattle-based study on Emergency Department asthma visits using the Poisson distribution. Explore the probability of visit frequencies and derive insights on healthcare patterns. Conclusions provide a statistical overview of asthma-related ED attendance.

Explore the calcium concentration in Chautauqua's rainwater from 2010, comparing it to 1990 levels. Using statistical tests, examine normal distribution and determine significant changes. The results provide insights into environmental shifts over two decades.

Discover the art of calculating probabilities in football. Using three players' success rates, we determine the odds of different goal outcomes. Understand independent and mutually exclusive events in a real-world scenario.

Unpack the potential biases in a survey about movie-watching habits based on its design and constraints. Learn how limiting to residential phones and specific time frames can affect results. Recommendations are made to ensure a broader, more accurate perspective.

Discover the intricacies of determining the cause of electronic system failures, either minor or major defects, using statistical distributions. Learn how to minimize the expected cost and make informed decisions based on soundings and loss tables

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.