Week Four - Discussions 1 and 2

profilePrieta71

 

Discussion 1

 

CONFIDENCE INTERVALS

Many people do not “like” or “trust” single point estimates for things they need measured.  Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better?  Why?

Ask a manger in your organization if they would prefer a single point estimate or a range for important measures, and why?  Please share what they say.

 


Discussion 2

 

CHI-SQUARE TESTS
Chi-square tests are great to show if distributions differ or if two variables interact in producing outcomes.  What are some examples of variables that you might want to check using the chi-square tests? What would these results tell you?

 

 

 

 

 

 

 

 

    • 9 years ago
    • 5
    Answer(3)

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      stat_paper.docx

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      chi-square_tests.docx

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      wk_4_disc_1.docx
    • attachment
      bus_308_wk_4_disc_2.docx