Apply the sampling distribution of the sample mean as summarized by the Central Limit Theorem (when appropriate). In particular, be able to identify unusual samples from a given population.
1). Summarize and describe the distribution of a categorical variable in context.
2). Generate and interpret several different graphical displays of the distribution of a quantitative variable (histogram, stemplot, boxplot).
3). Summarize and describe the distribution of a quantitative variable in context: a) describe the overall pattern, b) describe striking deviations from the pattern.
4). Relate measures of center and spread to the shape of the distribution, and choose the appropriate measures in different contexts.
5). Compare and contrast distributions (of quantitative data) from two or more groups, and produce a brief summary, interpreting your findings in context.
5). Apply the standard deviation rule to the special case of distributions having the "normal" shape.
"Introductory Business Statistics with Interactive Spreadsheets - 1st Canadian Edition" is an adaptation of Thomas K. Tiemann's book, "Introductory Business Statistics". In addition to covering basics such as populations, samples, the difference between data and information, and sampling distributions, descriptive statistics and frequency distributions, normal and t-distributions, hypothesis testing, t-tests, f-tests, analysis of variance, non-parametric tests, and regression basics, the following information has been added: the chi-square test and categorical variables, null and alternative hypotheses for the test of independence, simple linear regression model, least squares method, coefficient of determination, confidence interval for the average of the dependent variable, and prediction interval for a specific value of the dependent variable. This new edition also allows readers to learn the basic and most commonly applied statistical techniques in business in an interactive way -- when using the web version -- through interactive Excel spreadsheets. All information has been revised to reflect Canadian content.
Introductory statistics course developed through the Ohio Department of Higher Education OER Innovation Grant. The course is part of the Ohio Transfer Module and is also named TMM010. For more information about credit transfer between Ohio colleges and universities please visit: www.ohiohighered.org/transfer.Team LeadKameswarrao Casukhela Ohio State University – LimaContent ContributorsEmily Dennett Central Ohio Technical CollegeSara Rollo North Central State CollegeNicholas Shay Central Ohio Technical CollegeChan Siriphokha Clark State Community CollegeLibrarianJoy Gao Ohio Wesleyan UniversityReview TeamAlice Taylor University of Rio GrandeJim Cottrill Ohio Dominican University
In this module we will learn about discrete random variables, their distributions and properties. Of specific interest would be a binomial random variable, its distribution and applications.Learning Objectives:Discrete random variable, distribution, mean and standard deviationBinomial random variable and its distributionTextbook Material - Chapter 4 – Probability Topics – Pages 239 - 257Suggested Homework:Discrete Random Variable - 69, 70, 74, 75, 76, 78, 96, 102Binomial Distribution – Odds 88 - 111