question archive Using the ROI data set: What are the 4 characteristics of a binomial experiment from the textbook? Explain HOW the following scenario fits EACH of the requirements for a binomial experiment
Using the ROI data set: What are the 4 characteristics of a binomial experiment from the textbook? Explain HOW the following scenario fits EACH of the requirements for a binomial experiment
Subject:StatisticsPrice: Bought3
Using the ROI data set:
- What are the 4 characteristics of a binomial experiment from the textbook? Explain HOW the following scenario fits EACH of the requirements for a binomial experiment. In other words, you are justifying why this scenario fits each of the 4 criteria. Scenario: We select a college from the business major spreadsheet and then record whether it is of 'School Type' 'Private' or not. We repeat this process 70 times.
- For each of the 2 majors determine if the 'Annual % ROI' appears to be normally distributed. Put in the histogram from Week 1 (make sure you corrected it if you need to) and the measures of central tendency (mean and median) to justify your results.
Interpretation for the project Week 8
There is not a lot that will go into the paper from this week. In general, write two or three statements below about why normal distributions are advantageous in statistics.
