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Lecture 7 Correlation and Regression Many marketing research
Lecture 7 Correlation and Regression Many marketing research

... (variable Y) have a correlation of 0.87, it means they are positively correlated. It will be interpreted like this: people with more education spend more time on reading newspaper. But if we find a correlation of -0.81 between smoking cigarettes and education, it means more ...
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... data set is random, e.g., that a random walk model in which the price at time t is given by the price at time t − 1 plus a noise term is as good a description as any other. Of course, within such a study, it is difficult to extract or compensate for world events that have a great deal of randomness. ...
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... air pollution, and/or threaten endangered species. Not specific. 4) H0: s2 = 1 H0 should be about population, not about sample. 5) H0: µ ≤ 3.141592 Why not? This is a H0 for one-tailed test. 12. (8 points) True and false questions. See lecture note and pages 388-390. 1) The null hypothesis always ta ...
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... Therefore we use the proportion p̂ of successes in a SRS to estimate the proportion p of successes in the population. Since we want to use our sample proportion p̂ to infer about the unknown population proportion p , we must ask ourselves how good is the statistic p̂ as an estimate of the parameter ...
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... want to know whether a coin is unbiased, the hypothesis stated may be‘the coin is unbiased’. The coin may be tossed for a number of times, say 200. Suppose one got 80 heads and 120 tails. Using this information (sample value), statistics helps to test the hypothesis ‘the coin is unbiased’ arriving a ...
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Statistics - Analyzing Data by Using Tables and Graphs A bar graph

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IQL Chapter 8

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Misuse of statistics

Statistics are supposed to make something easier to understand but when used in a misleading fashion can trick the casual observer into believing something other than what the data shows. That is, a misuse of statistics occurs when a statistical argument asserts a falsehood. In some cases, the misuse may be accidental. In others, it is purposeful and for the gain of the perpetrator. When the statistical reason involved is false or misapplied, this constitutes a statistical fallacy.The false statistics trap can be quite damaging to the quest for knowledge. For example, in medical science, correcting a falsehood may take decades and cost lives.Misuses can be easy to fall into. Professional scientists, even mathematicians and professional statisticians, can be fooled by even some simple methods, even if they are careful to check everything. Scientists have been known to fool themselves with statistics due to lack of knowledge of probability theory and lack of standardization of their tests.
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