STAT 3710: Business Statistics

Explore how a university dean estimates freshmen study hours using statistical methods. Understand the importance of z-scores, confidence levels, and sample sizes in making accurate predictions. Learn how to ensure results are within a desired error margin.

Explore the concept of mutually exclusive events in probability, using practical examples like rolling a die, selecting college students, and understanding political party registrations.

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 With data visualization and historical references, challenge popular stereotypes and understand the reality of cowboy lives in the late 19th century.

Discover the method to analyze bacteria colonies in Lake Macatawa's east basin. Using 30 samples, we compute a 90% confidence interval for the mean colony count. Learn the steps of statistical analysis in environmental studies.

Discover how to calculate the 95% confidence interval for a population proportion using sample data. Through a practical example about texting habits among American teens, learn the implications of this statistical tool and how to assess plausibility.

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