1 discuss some of the statistical methods from this course, Ask an Expert

Economics

1. Discuss some of the statistical methods from this course that could be useful to mgt. to assist in making business decisions- from either what you may have encountered in you r work experience or believe you might be able to use in the futre.

2. Explain how finding the mean and standard deviation could be useful in; Confidence intervals for the mean, using hypothesis test, normal probability, and a binomial probability.

3. Describe how an organization could use correlation and regression between variance and the coefficient of determination.

4. Give on example of how data could be used in developing a proportion and explain how this data can be used in; Finding the correct sample size, Developing a Chi-square test, and Developing a confidence interval for a proportion.

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