Correlation and Chi-square Tests for Independence

The word “correlate” has several meanings, e.g. “If two or more facts, numbers, etc. correlate or are correlated, there is a relationship between them” (Cambridge Dictionary, n.d.) And “to show that a close connection exists between (two or more things)” (Merriam-Webster, 2019)  Also, “to show that two things are connected.” (Macmillan, n.d.) In statistics, we often

Read More »
BUS 233
Dawn Wright

Empirical Rule and z-score Probability

Empirical Rule The Empirical Rule applies to a normal, bell-shaped curve than is symmetrical about the mean. It states that within one standard deviation of the mean (both left-side and right-side) there is about 68% of the data; within two standard deviations of the mean (both left-side and right-side) there is about 95% of the data;

Read More »
Analytics
Dawn Wright

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

Read More »
Scroll to Top