STAT 1051: Introduction to Business and Economic Statistics

Unpack the average US gasoline prices in December 2010 using Chebyshev’s Inequality. Discover the minimum percentage of gas stations within specific price deviations. Learn how prices ranged based on standard deviations from the mean.

Explore a claim from the American Animal Hospital Association that 37% of pet owners communicate with their pets over the phone. Through hypothesis testing and a z-test, evaluate a skeptical veterinarian's doubts. Conclusions shed light on pet owners' unique communication habits.

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.

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.

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.

Explore a statistical approach to analyze the claim about average tornado lengths. Understand the nuances of hypothesis testing, from setting null and alternative hypotheses to interpreting P-values. Witness a comprehensive breakdown of the evidence from a sample of 500 tornadoes.