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Part One - Confidence Intervals

Read Lecture Thirteen. Lecture Thirteen introduces you to confidence intervals. What is a confidence interval, and why do some prefer them to single point estimates? Ask your manager what is preferred and why? What are the strengths and weaknesses of using confidence intervals in making decisions?

Part Two - Chi Square

Read Lecture Fourteen. As Lecture Fourteen notes, the chi-square test is-in some ways-fundamentally different than the previous tests we have looked at. In what ways and why is this approach important? Examples were shown of gender-degree distributions and employees per grade. How do these tests help with understanding our equal pay for equal work question? Do they change or reinforce our decision from last week? What situations in your personal or professional lives could use a chi-square approach?

Part Three - Overall Reactions

Has your opinion about statistics changed? How can statistical analysis help your professional career?

Attachment:- Lecture_13_14.rar

Business Management, Management Studies

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