PreparED Study Materials
STAT 206: Elementary Statistics for Business
School: University of South Carolina
Number of Notes and Study Guides Available: 2
Notes
Study Guides
Videos
Battery Lifetimes: Mean, Variance & Standard Deviation
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Discover the nuances of analyzing battery lifetime data through mean, variance, and standard deviation computations. Using class boundaries, midpoints, and frequencies, gain insights into the dispersion of battery lifespans and the average deviation from the mean.
Chi-Square Observations: Probability of Exceeding 7.779
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Discover how to compute the likelihood of observations exceeding a certain value in a chi-square distribution with 4 degrees of freedom. Using the binomial distribution formula, evaluate the chances of at most 3 out of 15 observations surpassing the 7.779 mark. Results highlight the intricacies of data distributions.
Analyzing Grade Variance: Is it More than Usual? A Chi-Square Test
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Discover the process of analyzing variance in midterm grades with a Chi-Square test. Understand the significance of high variance and its implications. Follow along as we assess a professor's suspicion about unusually varied student performance.
42.1 Web Visits: How It Stacks Up to U.S. Average
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Explore how hypothesis testing is used to compare a sample mean of Internet visits to the national average. Through calculations and statistical analysis, we determine if a sample of users' web usage significantly deviates from the average U.S. web usage.
Understanding Null vs Alternative Hypotheses in Real-world Scenarios
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Explore various scenarios and understand the fundamental principles of the null and alternative hypotheses in statistical testing. This video breaks down how these hypotheses represent current beliefs and potential deviations, aiding in the interpretation of statistical findings.
Choosing Samples: The Math of Online Freebies
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Discover the mathematical principles behind choosing free samples in online shopping scenarios. Understand combinations, how to calculate them, and see real-world examples of selecting multiple items.