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Category Archives: Sampling Distributions
Which Car Rental Company Is More Expensive, Budget or Avis?
Any “budget” conscious consumer/traveler would want to find a good deal wherever and whenever he or she can, especially when it comes to airfare and rental cars. In tough economic times, bargain hunting is the norm rather the exception. This … Continue reading
Posted in Sampling Distributions, Statistical Inference, Statistics
Tagged Alternative Hypothesis, Confidence Interval, Descriptive statistics, Introduction to statistics, Introductory statistics, Matched Pairs t-test, Null Hypothesis, One-Sample t-Procedures, One-Sample t-test, p-value, Statistical Inference, t-test
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Rolling Dice to Buy Gas
The price of gas you pay at the pump is influenced by many factors. One such factor is the price of crude oil in the international petroleum market, which can be highly dependent on global macroeconomic conditions. Why don’t we … Continue reading
Introductory Statistics 