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Lecture 1: Review and Exploratory Data Analysis (EDA)

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... students who have personal computers (PC’s) at home. If the proportion exceeds 25%, then the lab will scale back a proposed enlargement of its facilities. Suppose 250 business students were randomly sampled and 85 have PC’s at home. What assumptions are necessary for this test to be satisfied? a. Th ...
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... We may similarly use the population mean, the expected value, and the population variance to describe the typical value and the variation in a population. These values are often referred to as the theoretical values, and the sample mean and the sample variance are considered as estimates of the anal ...
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... because it is unbiased)” b) a) multiply with a correction factor (N-n/N-1) when n is large relative to N, while it is the case ‘without replacement’ (In this section, we ‘assumed out’ such cases)  size of the sample matters! d) c) multiply always with (n/(n-1)) so that we can get an unbiased esti ...
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... samples as well as the population. This is why you have sampling error and why the sampling errors are different for different samples. The ramifications of sampling error are that you do not know how close your sample mean is to the true population mean and you do not know whether it is actually lo ...
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Taylor's law

Taylor's law (also known as Taylor’s power law) is an empirical law in ecology that relates the variance of the number of individuals of a species per unit area of habitat to the corresponding mean by a power law relationship.
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