Sheet1
Case 3: Send Money Notes Stats Case #3 “Send Cash”
Updated: Summer 2020 MMG525DL01
p=Probaility of an event
Testing p in 70% of college students (p=.70) get money from parents.
Note:Use the sampling method described in Sharpe, (Chapters 8-9) or devise your own random sampling method
Exploring the Binomial Distribution (See Sharpe, Chapters 5-6 Randomness and Probability). Notes
The first line is done for you as a demonstration-you can remove it after viewing if you like. See Notes–>
MMG525OL01 p. 260 Don’t Forget the Conclusion G28
X=total # of successes Running total # of Running total # of Estimate of p
in 5 trials successes Sampled
Observation Numbers Success/Sample
Sample
Number 1 2 3 4 5
1 F F S S S 3 3 5 0.60
2
3
4
5
6
7
8
9
10 Computed Result for p, ten trials 0.6 <--insert Average Theoretical p 0.7 70% get $ from Parents Difference? 0.1 <--insert difference Your Conclusion Here--> Conclusion? Was the p-value you got close to that of the text .70?
If it was close, then was your sampling method
adequate? If not, why not? If a random sample (yours) replicates ????? <--Write your conclusion here the reported value (70% of college students get money from parents) or p=.70 how important is the number of samples? What do you think happens as the number of samples rises? Sheet2 Sheet3
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more