Statistics

A:

To calculate the number of jellybeans in a jar, count the number of jellybeans on the top layer of the jar. Then, count the number of jellybeans going down the side of the jar, and multiply that number by the number of jellybeans in the top layer to get an estimate of the number of jellybeans in the jar.

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  • What does "marginal probability" mean?

    Q: What does "marginal probability" mean?

    A: Probabilities may be marginal, joint or conditional. A marginal probability is the probability of a single event happening. It is not conditional on any other event occurring.
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  • How do you average your grades?

    Q: How do you average your grades?

    A: To calculate an average grade, first add up all the individual grades, then divide by the total number of grades. Letter grades or percentage grades can be converted to the 4.0 scale to find the grade point average, or GPA.
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  • What is a coin toss simulation?

    Q: What is a coin toss simulation?

    A: A coin toss simulation uses software to mimic the act of tossing a coin many times to demonstrate how frequency affects probability. With two possible outcomes (heads or tails), most observers assume even odds, or 50 percent, but tossing a coin only a few times may show uneven outcomes. By increasing the frequency of tosses, the result gets close to 50 percent, demonstrating how frequency affects outcomes.
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  • How are statistics used in accounting?

    Q: How are statistics used in accounting?

    A: Accountants in various fields, including auditors, forensic accountants, controllers and risk accountants, use statistics to accomplish their professional duties. Accountants who conduct audits use samples that are statistically representative of a data base because it is almost impossible to collect all the data needed in a short period of time. Auditors typically use this method when conducting a reliability assessment to determine the accuracy of the data being audited.
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  • What does "average" mean in mathematics?

    Q: What does "average" mean in mathematics?

    A: In mathematics, the “average” typically refers to the “mean value” of a set of numbers that is found by adding all the numbers in the set and then dividing this answer by how many numbers were in the set. However, there also are other types of averages in mathematics, such as the weighted average, mode and median.
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  • What is the importance of statistics in people's daily lives?

    Q: What is the importance of statistics in people's daily lives?

    A: People use statistics daily for weather forecasts, predicting disease, preparing for emergencies, medical research, political campaigns, tracking sales, genetics, insurance, the stock market and quality testing. Statistics lends credibility to these industries and makes it easier to track different things in the industry.
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  • How many babies are born each year?

    Q: How many babies are born each year?

    A: According to UNICEF article updated in May 2012, about 130 million babies are born each year. CNN notes that an accurate count of the worldwide birth rate is difficult since many countries don't register all new births.
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  • How many cubic feet are in a 53-foot trailer?

    Q: How many cubic feet are in a 53-foot trailer?

    A: A typical 53-foot trailer that is 9 feet high and 8 feet wide contains 3,816 cubic feet of space. However, because of the irregular shape of many items being shipped, a trailer is often not filled completely. Air pockets are located in various locations throughout the trailer.
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  • What are different types of probability?

    Q: What are different types of probability?

    A: Different types of probability include conditional probability, Markov chains probability and standard probability. Standard probability is equal to the number of wanted outcomes divided by the number of possible outcomes.
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  • What is biostatistics?

    Q: What is biostatistics?

    A: Biostatistics is a specialized area that applies statistical analysis to fields like biology, agriculture and medicine. Biostatisticians play a large role in scientific research studies, including designing study models and analyzing study results. Medical biostatistics narrows this field further to focus solely on medical and health issues.
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  • What percentage of our lives are spent working?

    Q: What percentage of our lives are spent working?

    A: About one-third or 30 percent of human life is spent working. The average working week in the United States consists of 40 hours of work. Most people take a few holidays every year. On an average, most people spend about 25 to 30 years working.
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  • What is the importance of statistics in economics?

    Q: What is the importance of statistics in economics?

    A: Statistics are a methodology necessary in the field of statistics and are used to collect, analyze and evaluate data. Economics depends heavily on the use of statistics.
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  • What are the advantages and disadvantages of using statistics?

    Q: What are the advantages and disadvantages of using statistics?

    A: Statistics allow people to analyze surveys, experiments and other data, but they are easy to misrepresent or to use to mislead others. Statistical data is essential to the scientific method. It also helps companies, governments and other entities make decisions.
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  • What is the importance of statistics?

    Q: What is the importance of statistics?

    A: Statistics is the study of numerical information, which is called data. People use statistics as tools to understand information. Learning to understand statistics helps a person react intelligently to statistical claims. Statistics are used in the fields of business, math, economics, accounting, banking, government, astronomy, and the natural and social sciences.
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  • What are some examples of continuous variables?

    Q: What are some examples of continuous variables?

    A: Some examples of continuous variables are measuring people's weight within a certain range, measuring the amount of gas put into a gas tank or measuring the height of people. A continuous variable is any variable that can be any value in a certain range.
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  • What is a good statistical sample size?

    Q: What is a good statistical sample size?

    A: A good statistical sample size is at least 100, and preferably more, participants. With a 100-participant sample size, the researcher has a margin of error of approximately 10 percent with a 95 percent confidence rating in the results. For the researcher to increase his confidence rating and reduce his margin of error he has to increase the size of the sample.
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  • Why is sampling important?

    Q: Why is sampling important?

    A: Sampling, in statistics, is a method of answering questions that deal with large numbers of individuals by selecting a smaller subset of the population for study. One of the most prevalent types of sampling is random sampling.
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  • What are some real-world examples of direct variations?

    Q: What are some real-world examples of direct variations?

    A: Direct variation exists when a worker is paid based on the number of hours worked. Another example of a direct variation is a taxi fare that varies according to the distance traveled. Direct variation occurs with two variables when the ratio of their values always remains the same. For example, if the value of A is always twice as much as B, they vary directly.
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  • What is the importance of statistics in business?

    Q: What is the importance of statistics in business?

    A: Statistics are an important tool for running a business. Managers are required to make decisions based on data collected over time. This data is worthless unless it is analyzed and interpreted; statistics allows business managers to analyze the data and arrive at meaningful conclusions.
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  • What is the difference between a parameter and a statistic?

    Q: What is the difference between a parameter and a statistic?

    A: A statistic describes a sample, while a parameter describes an entire population. A sample is a smaller subset that is representative of a larger population.
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  • What are the advantages of probability sampling?

    Q: What are the advantages of probability sampling?

    A: Probability sampling offers the advantages of less biased results and a higher representation of the sample in question. It also allows for accurate statistical inferences to be made.
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