Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Classify variables as nominal, ordinal, interval, and ratio. 2. Explain how to create stratified, cluster, and systematic samples. 3. Select the best measure of

1. Classify variables as nominal, ordinal, interval, and ratio. 2. Explain how to create stratified, cluster, and systematic samples. 3. Select the best measure of center for sets of data. What should you use for qualitative data? Why? What should you use for skewed data with outliers? Why? 4. Compare sets of data given standard deviations. What does a standard deviation tell you about a set of data? 5. Use the z-score formula. (Write down this formula!) 6. Given sets of data, determine/explain if they are approximately normal or not. 7. Find percentages/probabilities using the normal curve (empirical rule or normalcdf in calculator). 8. Select the appropriate formula for finding a z-score for means and proportions using the central limit theorem and the standard error. 9. Determine the mean and the standard error using the central limit theorem. 10. Identify the conditions for using the central limit theorem for means and proportions. 11. Determine the necessary sample size given the margin of error. 12. Determine a critical z-value or t-value from a chart. (Have the charts available). 13. Explain the meaning of a margin of error. 14. How does the level of confidence impact the size of a confidence interval? 15. Identify the correct formula for finding confidence intervals for means and proportions. 16. Calculate the correct formula for finding confidence intervals for means and proportions.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics for Contemporary Decision Making

Authors: Ken Black

6th Edition

978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184

More Books

Students also viewed these Mathematics questions

Question

=+6 Both cats and dogs are to be tested. Should you block? Explain.

Answered: 1 week ago