Intro to Statistics- Final Exam Questions and Answers | Latest Version | 2024/2025 | Graded A+
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Course
Intro to Statistics-
Institution
Intro To Statistics-
Intro to Statistics- Final Exam Questions
and Answers | Latest Version | 2024/2025
| Graded A+
What is the purpose of calculating the mean in a data set?
The mean provides the average value of a data set, summarizing the central tendency of the
data.
Explain the difference between popu...
Intro to Statistics- Final Exam Questions
and Answers | Latest Version | 2024/2025
| Graded A+
What is the purpose of calculating the mean in a data set?
✔✔ The mean provides the average value of a data set, summarizing the central tendency of the
data.
Explain the difference between population and sample in statistics.
✔✔ A population includes all members of a defined group, while a sample is a subset of the
population used to make inferences about the whole group.
What is a confidence interval, and what does it represent?
✔✔ A confidence interval estimates the range within which a population parameter is likely to
fall, with a specified level of certainty.
Describe the concept of standard deviation and its significance.
✔✔ Standard deviation measures the dispersion or spread of data points around the mean,
indicating variability within a data set.
1
, What does a p-value represent in hypothesis testing?
✔✔ The p-value indicates the probability of observing the data, or something more extreme,
assuming the null hypothesis is true.
Explain the purpose of a scatter plot in statistical analysis.
✔✔ A scatter plot visualizes the relationship between two quantitative variables, helping to
identify trends or correlations.
What is the null hypothesis, and why is it important in hypothesis testing?
✔✔ The null hypothesis is a statement that there is no effect or no difference, serving as a
baseline to test if observed data provides enough evidence to reject it.
Define type I error and type II error in the context of hypothesis testing.
✔✔ A type I error occurs when the null hypothesis is incorrectly rejected, while a type II error
occurs when the null hypothesis is incorrectly accepted.
What is the median, and how is it calculated?
✔✔ The median is the middle value of a data set when it is ordered, or the average of the two
middle values if the data set has an even number of observations.
2
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