100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MIS 301 Question and answers rated A+ 2024 $14.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. MIC 301
  4.  
  5. MIC 301

Exam (elaborations)

MIS 301 Question and answers rated A+ 2024

 4 views  0 purchase
  • Course
  • MIC 301
  • Institution
  • MIC 301

MIS 301 Question and answers rated A+ 2024 Test Statistic - correct answer x- bar = mean of sample Uo = mean of population O = standard deviation of population n = number (no. ) of observations Error - correct answer means variability, randomness, or chance Sample (means) - corre...

[Show more]

Preview 2 out of 8  pages

Document information

  • August 27, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mis 301
  • mis 301 question and answers rated a 2024

Written for

  • MIC 301
  • MIC 301

Seller

avatar-seller
flyhigher329

Reviews received

Content preview

MIS 301 / Shaul Quiz #2
Test Statistic - correct answer ✔x- bar = mean of sample
Uo = mean of population
O = standard deviation of population
n = number (no. ) of observations


Error - correct answer ✔means variability, randomness, or chance


Sample (means) - correct answer ✔- have less variability than individual
observations
- will be centered around the population mean
- are more normal than individual observations


Sample - correct answer ✔- as we increase the sample size, we have less
error
-sample with n>30


Ch. 7 notes on CLT - correct answer ✔-histogram takes on the shape of the
normal distribution
-Populations are unknown


CLT - correct answer ✔- way to go from the known to the unknown
-CLT states to draw all possible samples of a given size from a population.
The result is the sampling distribution of the means will approach the normal
distribution as the sample size increases.
-CLT never measures the population

, - CLT: being able to draw one sample and can then make statements about
the population


Chapter 8 (Confidence Intervals): - correct answer ✔-CI's acknowledge the
uncertainty associate with the samples, sampling
-confidence intervals are assignment risks
-Larger samples have less variability than smaller samples


When "n" increases (ch. 8) - correct answer ✔sigma decreases. This makes
the standard error of the mean decrease as well


when the Confidence Level increases (ch.8) - correct answer ✔the
confidence interval also increases


when alpha is increasing in the confidence level (ch.8 ) - correct answer
✔the confidence interval decreases


we like to have high confidence levels (ch.8) - correct answer ✔and narrow
(small) confidence intervals


as we increase the confidence level (ch.8) - correct answer ✔the interval
gets wider


as we decrease the confidence level (ch.8) - correct answer ✔the interval
gets narrower


using the Sigma or S equation (ch.8) - correct answer ✔effects the
confidence interval

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73243 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.49
  • (0)
  Add to cart