PreparED Study Materials
STAT 103: Statistics for Business and Economics
School: New York University
Number of Notes and Study Guides Available: 1
Notes
Videos
Eye Color & Assortative Mating in Scandinavian Couples
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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.
Real Cowboys' Lifespan: Debunking Wild West Myths
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Explore the actual longevity of legendary cowboys using a detailed sociological study. With data visualization and historical references, challenge popular stereotypes and understand the reality of cowboy lives in the late 19th century.
Buteyko Breathing's Impact on Asthma: A Study Analysis
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In this video, we examine the Buteyko method's impact on asthma symptoms using a study of 600 patients. Participants were divided into two groups, one practicing the technique and the other not. The Buteyko group showed significant improvement in life quality and symptom reduction.
Margin of Error: Decoding the Uncertainty in Estimates
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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.
Assumptions in Statistics: A High School Age Distribution Error
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Analyze the statistical assumptions made about high school students' ages, emphasizing the importance of understanding distributions before applying the Standard Normal Table.
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.