STAT 206: Elementary Statistics for Business

Learn how to determine a 90% confidence interval for the proportion of people who watch educational television based on a survey. Understand how to utilize the z-score and interpret results, guiding decisions for a television company's publicity efforts.

Explore a biologist's experiment testing the effects of actinomycin D concentrations on RNA synthesis in cells. By analyzing the outcomes and calculating p-values, this video offers insights into how higher concentrations might inhibit normal RNA synthesis.

Explore Anderson's 1999 study on how attention load impacts reaction times. Through hands-on analysis, understand the computation of mean, median, and mode from the provided data. Highlighting the significance of the median in capturing the central tendency amidst potential outliers.

Discover the mathematical principles behind choosing free samples in online shopping scenarios. Understand combinations, how to calculate them, and see real-world examples of selecting multiple items.

Compare the mean returns and volatilities of two stocks using t-test and F-test methods. Through the application of hypothesis testing and P-value calculations, we determine which stock provides higher returns and which is riskier.

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.