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Devry Math 533Â All Discussions Latest
Devry Math 533 Week 1 Discussion DQ 1 LatestÂ
Class, provide examples of how you can use statistical analysis to make better decisions in your career or daily life.
Devry Math 533 Week 2 Discussion DQ 1 LatestÂ
A number of years ago, there was a popular television game show called Let’s Make a Deal. The host, Monty Hall, would randomly select contestants from the audience and, as the title suggests, he would make deals for prizes. Contestants would be given relatively modest prizes and then would be offered the opportunity to risk that prize to win better ones.
Suppose you are a contestant on this show. Monty has just given you a free trip worth $500 to a locale that is of little interest to you.He now offers you a trade: Give up the trip in exchange for a gamble. On the stage are three curtains, A, B, and C. Behind one of them is a brand-new car worth $45,000. Behind the other two curtains, the stage is empty.
You decide to gamble and give up the trip. (The trip is no longer an option for you.) You must now select one of the curtains. Suppose you select Curtain A.
In an attempt to make things more interesting, Monty then exposes an empty stage by opening Curtain C (he knows that there is nothing behind Curtain C). He then asks you if you want to keep Curtain A, or switch to Curtain B.
What would you do?
Hint: Questions to consider are: What is the probability of winning and the probability of losing the car prior to opening Curtain C? What is the probability of winning and the probability of losing the car after Curtain C is opened? What is your best strategy?
Devry Math 533 Week 3 Discussion DQ 1 LatestÂ
Class, based on internet research and in your own words discuss history of Normal distribution and its original applications.
Devry Math 533 Week 4 Discussion DQ 1 LatestÂ
Class, this week we will cover the concept of statistical Hypothesis testing. In plain language, what is the purpose of this test?
Devry Math 533 Week 5 Discussion DQ 1 LatestÂ
Read the selection in your text book pertaining to the Case: Statistics in Action: Diary of a Kleenex® User; load the data set for the case, TISSUES, into Minitab; answer the question about the case in the Discussion area; and likewise read and respond to the follow-on selections in the textbook for the case in the Statistics in Action Revisited.
How would you briefly summarize the case, and the data that was generated?
Devry Math 533 Week 6 Discussion DQ 1 LatestÂ
Class, based on internet research, discuss the historical development and original applications of regression analysis.
Devry Math 533 Week 7 Discussion DQ 1 LatestÂ
Read the Case: Statistics in Action: Bid-Rigging in the Highway Construction Industry, in Chapter 11 of your textbook, and answer the following questions. The data set, FLAG, for the case study is available in the publisher’s website, so you don’t need to enter the data into Minitab by hand.
What is this case about? Describe the key variables.
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Devry Math 533 All Discussions Latest
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