STAT 2112: Business and Economic Statistics II

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.

Learn how to determine a 90% confidence interval for the proportion of people who watch educational television based on a survey. Understand how to utilize the z-score and interpret results, guiding decisions for a television company's publicity efforts.

Explore the concept of assortative mating through an eye-color study of 204 Scandinavian couples. Discover how probabilities highlight nonrandom mating patterns. Conclude if eye colors of partners are independent or reveal assortative tendencies.

Uncover the relationship between confidence levels and interval widths. Grasp how the range of confidence intervals broadens with increasing confidence. Understand the trade-offs in statistical certainty and estimation.

Explore the nuances of determining the likelihood of specific employment patterns using statistical methods. Understand the application of the normal approximation to the binomial distribution and the role of z-values in probability determinations. Gain clarity on interpreting employment trends with the help of a standard normal table.

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.