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2/24 - MegCherry.com
2/24 - MegCherry.com

Thu Oct 30 - Wharton Statistics
Thu Oct 30 - Wharton Statistics

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Student Study Guide

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FAQ final review

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... Suppose that a production manager believes the average number of defective assemblies each day to be 20. The factory records the number of defective assemblies for each of the 25 days it was opened in a given month. The mean X was calculated to be 22, and the standard deviation, S ,to be 5. ...
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... 2. Nine hundred (900) high school freshmen were randomly selected for a national survey. Among survey participants, the mean grade-point average (GPA) was 2.7, and the standard deviation was 0.4. What is the margin of error, assuming a 95% confidence level? (A) 0.013 ...
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Determination of Sample Size

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Chapter 7 RG

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Resampling (statistics)

In statistics, resampling is any of a variety of methods for doing one of the following: Estimating the precision of sample statistics (medians, variances, percentiles) by using subsets of available data (jackknifing) or drawing randomly with replacement from a set of data points (bootstrapping) Exchanging labels on data points when performing significance tests (permutation tests, also called exact tests, randomization tests, or re-randomization tests) Validating models by using random subsets (bootstrapping, cross validation)Common resampling techniques include bootstrapping, jackknifing and permutation tests.
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