Statistics
Finite Population Correction factor
The Finite Population Correction Factor, sometimes just called the FPC factor, is used when the sample size is large relative to the population size. For most situations, the population is so large, typical sample sizes are far too small to worry about the need for the FPC. The guidance is that we need to use …
Picking Alpha: The cost of Type I and Type II Errors-2
Earlier this year, I read of the analysis of the recent fatality caused by an Uber autonomous car in Arizona. (Lee, 2018) It occurred to me (and others) that this terrible situation is possibly related to Type I and Type II errors. (Efrati, 2018) A Type I is a false positive where a true null …
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Hypothesis Tests Simplified: The Big Picture of Statistics
The Big Picture of Statistics¹ The process of statistics starts when we identify what group we want to study or learn something about. We call this group the population. Note that the word “population” here (and in the entire course) is not just used to refer to people; it is used in the broader statistical …
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8.4.14 Difference Between Proportions StatCrunch
A Two-sample problem for testing to see if the two proportions are different:
One-sample Sigma Known z-test for the Mean
Joel, I have not checked all your calculations, but the process you used looks good. I note that this is a problem where you are given a lot of raw data. Which technology did you use? I ask because problems where you have to manually enter a lot of raw data often lead to mistakes …