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HP Authorized Customer
HP Authorized Customer

... confidence limit 248.366 lower confidence limit With a confidence interval of 99 %, the z-score is 2.576. An effective method to get our answer is: (z-value X standard deviation/10)2 (2.576 X 170.38/10)2 = 1926.067 Excel Megastat computations are as under: ...
Estimating with Confidence
Estimating with Confidence

... we will use the most common ones and also learn to calculate any desired level. TESTS of SIGNIFICANCE assess the evidence for a "claim" about the population as a result of gathered data. These tests determine whether the results can be explained by chance occurrence or not and whether the results di ...
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... Does the interval in part (e) of 34.2% to 39.8% actually contain the population proportion of all adults that rate the quality of public schools as excellent? It either does or it doesn’t, but we don’t know because we don’t know the value of the population proportion. (And if we did know the value o ...
DM10: Evaluation and Credibility
DM10: Evaluation and Credibility

...  Total cost/benefit – when different errors involve different costs  Lift and ROC curves  Error in numeric predictions ...
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Module 8 - Royal Statistical Society

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Statistics for Water Science: Hypothesis Testing

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Find the mean for the given sample data.

Summarizing Data - Virgil Zeigler-Hill
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...  Total cost/benefit – when different errors involve different costs  Lift and ROC curves  Error in numeric predictions ...
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Statistics 13, Lab 5 Confidence intervals

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... distribution. These confidence intervals are point-wise, meaning that they are calculated separately for each point on the fitted distribution without controlling for family-wise error. Usually, points outside the confidence intervals occur in the tails. In the lower half of the plot, points to the ...
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... The Central Limit Theorem states that a sampling distribution of means (or sums) from random samples of N observations approximates a normal distribution regardless of the shape of the parent population as N becomes large. This has particular importance because it implies that even if data are sampl ...
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... When performing laboratory experiments, a certain variation in results will always occur regardless of the care taken in measuring. Though all systematic errors have been avoided, the student will notice that the values obtained will deviate from each other. Random errors are unavoidable. Variations ...
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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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