Grand Canyon – Sym 506 Weekly Discussion How many different tests does the textbook give you for applying the chi-square distribution? What are these tests? How could you use each of these tests at your place of business? Chi-square distribution is a mathematical or theoretical distribution that has an extensive applicability in the work of […]
Grand Canyon – Sym 506 Weekly Discussion In ANOVA analysis, what is the real meaning of the term treatment? What does this really mean? Provide some examples of treatments from a business or managerial perspective. ANOVA also known as one-way variance analysis is employed to contrast various means. It is a technique that is frequently
Grand Canyon – Sym 506 Weekly Discussion Compare and contrast Spearman and Pearson correlations. A correlation refers to as a coefficient that evaluates the level to which two variables are likely to change together. This coefficient describes both the direction and the strength of the relationship. There are different forms of correlations. Pearson correlation measures
Grand Canyon – Sym 506 Weekly Discussion Provide an example of where you could use correlation in real life. Explain why a t-test is necessary before you accept this correlation as being real in the population. There various situations in which correlation can be used in real life. This will include both negative and positive
Grand Canyon – Sym 506 Weekly Discussion What does the p-value tell the business statistician, especially in terms of the normal curve? If the p-value is smaller than the level of significance, what does that mean in terms of the null hypothesis? Why? Calculated probability or P value is the chance of establishing observed or
Grand Canyon – Sym 506 Weekly Discussion Give an example of a situation in which you believe a Type I Error is more serious than a Type II Error. Give an example of a situation in which you believe a Type II Error is more serious than a Type I Error. In each case, why
Grand Canyon – Sym 506 Weekly Discussion Describe the term mutually exclusive. Provide some examples. Must the values of x in a discrete probability distribution always be mutually exclusive? Why or why not? Provide an example. Mutually exclusive refers to as a statistical term employed to define a situation in which one event occurrence is
Grand Canyon – Sym 506 Weekly Discussion The definition a probability is stated as: A measure of the likelihood that an event in the future will happen; it can only assume a value between 0 and 1, inclusive. Explain the meaning of the 0 and 1. Probability refers to a mathematics branch which deals with
Grand Canyon – Sym 506 Weekly Discussion Provide some examples of discrete and continuous variables. What attributes of these variables make them discrete and continuous? Why? Variable refers to a quantity which changes in value. A discrete variable refers to a variable whose value can be found by counting. Continuous variable on the other hand
In this assignment you are going to use the case study Egg Company and the Taylor Woodrow company to examine the relationship between different motivational theories and demonstrate an understanding of working with others, teamwork, groups and group dynamics. There are six questions to be answered and you should aim for word count of 2500