Project Week 3 Using the ROI data set What are the 4 characteristics of a binomial experiment from the textbook Explain HOW thefollowing scenario fits EACH of the requirements for a binomial experiment In other words, you are justifying why this scenario fits each of the 4 criteria Scenario We select a college from the business major spreadsheet and then record whether it is of 'School Type' 'Private' or not We repeat this process 70 times For each of the 2 majors determine if the 'Annual ROI' appears to be normally distributed Put in the histogram from Week 1 (make sure you corrected it if you need to) and the measures of central tendency (mean and median) to justify your results Interpretation for the project Week 8 There is not a lot that will go into the paper from this week In general, write two or three statements below about why normal distributions are advantageous in statistics

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Project Week 3 Using the ROI data set: What are the 4 characteristics of a binomial experiment from the textbook?Explain HOW thefollowing scenario fits EACH

Project Week 3

Using the ROI data set:

What are the 4 characteristics of a binomial experiment from the textbook?Explain HOW thefollowing scenario fits EACH of the requirements for a binomial experiment.In other words, you are justifying why this scenario fits each of the 4 criteria.Scenario:We select a college from the business major spreadsheet and then record whether it is of 'School Type' 'Private' or not.We repeat this process 70 times.
For each of the 2 majors determine if the 'Annual % ROI' appears to be normally distributed.Put in the histogram from Week 1 (make sure you corrected it if you need to) and the measures of central tendency (mean and median) to justify your results.

Interpretation for the project Week 8

There is not a lot that will go into the paper from this week.In general, write two or three statements below about why normal distributions are advantageous in statistics.