Essays on Statistics

The Methodological and Iterative Assessment of Business Analytics The methodological and iterative assessment of the information given by an organization is business analytics that emphasizes the statistical assessment. It is used primarily by companies that are interested in verdicts based on results. It deals primarily with market intelligence and statistical analysis....

Confident interval is an approach in statistics that offers some predetermined assurance that measurements of a population can be obtained. Its description is mainly based on limit errors. Some of the intervals that have been used include 99%, 95% and 90%. The 95 percent trust is primarily used for several...

If an experiment generates only two results and measures the likelihood of an occurrence happening when a fixed number of experiments are used, a binomial distribution is used. When a discrete likelihood distribution exists, in each case only two mutually excluded outcomes (only two options) exist (Bluman, Allan G). These two...

The Tacoma Bridge was built between 1938 and 1940. It was 5000 feet long, 39 feet wide, with two lanes of traffic, and 2800 feet long. The bridge was built in the state of Washington. According to data on the history of suspension bridges, the findings show that many were...

Marriage has always been an essential part of life. It refers to the marriage of a man and a woman, except for gay couples, it refers to the slavery of two men. Gay marriage is a subject that has sparked intense discussion among people all over the world. Most societies...

The United States has the highest prison rate in the world The United States has the highest prison rate in the world. Despite a consistent increase in the number of incarcerations around the world, the inmate population in the United States is around 500 inmates per 100,000 people. This is...

Performance assessments require many relevant statistical tests in a given scenario. Some of the statistical indicators that are useful to quantify these output types include the mean, variance, standard difference, mode, median and graphical display of results. In these cases, the best performer will be the vendor with the highest...