SESSION:2 Descriptive Statistics
2.5 Geometric Mean
Session:2 Descriptive Statistics 2.5 Geometric Mean Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics The mean (Arithmetic), median and mode are all measures of the “center” of the data, the “average”. They are all in their own […]
SESSION:2 Descriptive Statistics
2.4 Sigma Notation and Calculating the Arithmetic Mean
Session:2 Descriptive Statistics 2.4 Sigma Notation and Calculating the Arithmetic Mean Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics Formula for Population Mean μ=1N∑i=1Nxi�=1�∑�=1��� Formula for Sample Mean x–=1n∑i=1nxi�–=1�∑�=1��� This unit is here to remind you of […]
SESSION:2 Descriptive Statistics
2.3 Measures of the Center of the Data
Session:2 Descriptive Statistics 2.3 Measures of the Center of the Data Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics The “center” of a data set is also a way of describing location. The two most widely used […]
SESSION:2 Descriptive Statistics
2.2 Measures of the Location of the Data
Session:2 Descriptive Statistics 2.2 Measures of the Location of the Data Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics The common measures of location are quartiles and percentiles Quartiles are special percentiles. The first quartile, Q1, is the same as the […]
SESSION:2 Descriptive Statistics
2.1 Display Data
Session:2 Descriptive Statistics 2.1 Display Data Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics Stem-and-Leaf Graphs (Stemplots), Line Graphs, and Bar Graphs One simple graph, the stem-and-leaf graph or stemplot, comes from the field of exploratory data analysis. It is […]
SESSION:1 Sampling and Data
Solutions
Session:1 Sampling and Data Solutions Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics 2. all children who take ski or snowboard lessons a group of these children the population mean age of children who take their first […]
SESSION:1 Sampling and Data
References
Session:1 Sampling and Data References Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics 1.1 Definitions of Statistics, Probability, and Key Terms The Data and Story Library, http://lib.stat.cmu.edu/DASL/Stories/CrashTestDummies.html (accessed May 1, 2013). 1.2 Data, Sampling, and Variation in Data and […]
SESSION:1 Sampling and Data
Homework
Session:1 Sampling and Data Homework Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics 1.1 Definitions of Statistics, Probability, and Key Terms For each of the following eight exercises, identify: a. the population, b. the sample, c. the parameter, […]
SESSION:1 Sampling and Data
Chapter Review
Session:1 Sampling and Data Chapter Review Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics 1.1 Definitions of Statistics, Probability, and Key Terms The mathematical theory of statistics is easier to learn when you know the language. This module […]
SESSION:1 Sampling and Data
Key Terms
Session:1 Sampling and Data Key Terms Introductory Business Statistics | Leadership Development – Micro-Learning Session Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics Average also called mean or arithmetic mean; a number that describes the central tendency of the data Blinding not telling participants which treatment […]