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Explain the general rationale behind using a z-score for describing how Explain the general rationale behind using a z-score for describing how an individual performed on an e x a m compared to just stating the overall mean and the individual’s score. How does the information differ in the two situations? What additional information are you gaining […]

CLO #1 – Describe how goals, constraints, incentives, and market rivalry affect economic decisions CLO #1 – Describe how goals, constraints, incentives, and market rivalry affect economic decisions. Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she

Discussion Prompt: Using survey data to calculate statistics can be extremely valuable, but you must also make sure that the sample and questions are unbiased. Design a pair of questions that are related to the same healthcare issue: one that is unbiased and another that would result in a bias in one direction or the

Once you start to understand how exciting the world of statistics can be Once you start to understand how exciting the world of statistics can be, it is tempting to fall into the trap of chasing statistical significance. That is, you may be tempted always to look for relationships that are statistically significant and believe