STAT 3331: Statistical Analysis for Business Applications I

Assess the distribution of computers across schools using statistical methods. Determine the probability of a randomly selected school having a specific number of computers. From fewer than 50 to more than 100 computers, derive insightful conclusions about school infrastructures.

Explore the impact of heat treatment duration on thread breaking strength. Using statistical analysis, we assess the difference in mean strengths between batches. Confidence intervals help quantify this difference with 99% certainty.

Explore the relationship between specific car types and their theft rates. This video assesses correlations between car models like the Honda Accord, Toyota Camry, and others, emphasizing the difference between correlation and causation.

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

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.