STAT 2301: Statistics for Business

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.

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.

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

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.

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.