ST 350: Economic and Business Statistics

Explore the intricacies of calculating probabilities using set theory concepts such as union and intersection. With step-by-step computations, understand how to find the likelihood of events A and B occurring or not occurring together. Witness the application of classic probabilistic formulas.

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 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.

This video presents a comparison between two suppliers of plastic gears in terms of their mean impact strength. Using statistical tools like the two-sample t-test and confidence intervals, we evaluate which supplier offers stronger gears.

Discover the statistical process behind analyzing the age distribution of proofreaders at a publishing company. Learn how to use the Z-score formula for individual and sample mean probabilities, and how to interpret results using a Z-table.

Uncover the likelihood of different car combinations by size and color from a dealer's sales data. Learn how to calculate probabilities, from the chances of a small car being black to the odds a non-small car isn't gray. An insightful look into understanding car preferences.