Business statistics midterm cheat sheet essay in 2021
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How to calculate conditional probability in Stat 100?
Contingency/Joint Table ➔To go from contingency to joint table, divide by total # of counts ➔everything inside table adds up to 1 Conditional Probability ➔P(A|B)
What is Chebyshev's rule for set of data?
Chebyshev's Rule ➔Use for any set of data and for any number k, greater than 1 (1.2, 1.3, etc.) ➔11 k2 ➔(Ex) for k=2 (2 standard deviations), 75% of data falls within 2 standard deviations
How to measure association in the Harvard cheat sheet?
Measurements of Association ➔Covariance ◆Covariance > 0 = larger x, larger y ◆Covariance < 0 = larger x, smaller y ◆sxy=1(x )(y ) n1∑ n i=1 x y ◆Units = Units of x Units of y ◆Covariance is only +, , or 0 (can be any number) ➔C orel ati nm su gh f linear relationship between two variables ◆rxy= covariancexy
How to write descriptive statistics Part II cheat sheet?
Descriptive Statistics Part II Linear Transformations ➔Linear transformations change the center and spread of data ➔Var(a+bX)=b2Var(X) ➔Average(a+bX) = a+b[Average(X)] ➔Effects of Linear Transformations: ◆ meannew=a + b*mean ◆ mediannew =a + b*median ◆ stdevnew=|b|*stdev ◆ IQRnew=|b|*IQR ➔Zscore new data set will have mean 0 and variance 1
Last Update: Oct 2021
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