February 22, 2021

obtaining the confidence interval for a ratio

Answer In order to obtain the confidence intervals for a ratio, we calculate group sample sizes that are necessary in achieving specific interval width of the ratio of distinct and two independent data proportions. Here, an assumption is ………………………………………
February 22, 2021

When to use the t-distribution and when the normal distribution for the test of hypothesis

Answer The t-distribution is most useful for sample sizes which are small, or when the deviation of the population standard is not known, or both. Therefore, one must use ……………………………..
February 22, 2021

confidence level

Answers The confidence level in statistics is defined as that probability level in which the value of a given parameter falls within a given range of values. It indicates the probability at which the estimate of a statistical parameter such as the mean in a sample survey is similarly true […]
February 22, 2021

sampling distributions

Answers In statistics, a sampling distribution is that probability distribution mostly of a statistical data that is obtained from a very large number of samples drawn from a given population. It is the distribution of frequencies of a range of district outcomes ……
February 18, 2021

Real Examples of the Use of Probability to Predict Future Events

In the similar way as weather forecast is used to predict future atmosphere behaviors, there exist numerous real examples of the use of probability. One of the real-life examples of the use of probability in predicting future events is the sports statistics. Notably, in the world of sports, football or […]
February 18, 2021

Bayes Theorem and its Applications on Decision Analysis

Bayes’ theorem is a probability theory that provides a way for figuring out conditional probability (Puga, Krzywinski, & Altman, 2015). For a conditional probability, the probability of an event happening is based on it having same relationship to one or more other event. For instance, the probability of having a […]
February 18, 2021

Graphic Organizer Outlining Tree Diagram and Probabilities

In mathematical predictions, a graphic organizer is a learning and teaching tool used to organize ideas and information in such a way that they are made easy to internalize and comprehend. According to Colliot,  & Jamet,  (2018), graphic organizer normally integrates text and visuals, thus, showing the relationships and connections […]
January 25, 2021

Complete your Week 1 required discussion prompt. In your own words, describe the primary difference between consequentialist and non-consequentialist approaches to ethics. Choose one of the major theories associated with consequentialism: what objections might be made to this theory? Choose one of the major theories associated with non-consequentialism: what objections […]
December 8, 2020

Problem Set 8 Questions: Mergers and Acquisitions

Finance I, Problem Set 8 Questions: Mergers and Acquisitions Evaluate the following comments. “Our cost of debt is high because we’re a pure-play healthcare company and vulnerable to changes in healthcare regulation. We should buy a water company to diversify and reduce our cost of debt.” b. “Merge with Fledgling […]