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Statistics for Business and Economics 13th edition James T. Clave

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Statistics for Business and Economics 13th edition James T. Clave

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STATISTICS
FO R BUSINESS A N D ECONOMICS 13 TH ED I TI O N

McClave
Benson
Sincich

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, APPLET CORRELATION
Applet Concept Illustrated Description Applet Activity

Random numbers Uses a random number generator to deter- Generates random numbers from a range of 1.1, 25; 1.2, 25; 3.6, 180; 4.1,
mine the experimental units to be included integers specified by the user. 200; 4.2, 200; 4.8, 247
in a sample.

Sample from a Assesses how well a sample represents the Produces random sample from population 4.4, 214; 4.6, 238; 4.7, 252
population population and the role that sample size from specified sample size and population
plays in the process. distribution shape. Reports mean, median,
and standard deviation; applet creates plot
of sample.

Sampling Compares means and standard deviations Simulates repeatedly choosing samples of a 5.1, 290; 5.2, 290
distributions of distributions; assesses effect of sample fixed size n from a population with specified
size; illustrates undbiasedness. sample size, number of samples, and shape of
population distribution. Applet reports means,
medians, and standard deviations; creates
plots for both.

Long-run probability demonstrations illustrate the concept that theoretical probabilities are long-run experimental probabilities.



Simulating Investigates relationship between theoreti- Reports and creates frequency histogram for 3.1, 144; 3.3, 156; 3.4, 157;
probability cal and experimental probabilities of rolling each outcome of each simulated roll of a fair 3.5, 170
of rolling a 6 6 as number of die rolls increases. die. Students specify number of rolls; applet
calculates and plots proportion of 6s.

Simulating Investigates relationship between theoreti- Reports outcome of each simulated roll of 3.3, 156; 3.4, 157
probability of cal and experimental probabilities of rolling a fair die; creates frequency histogram for
rolling a 3 or 4 3 or 4 as number of die rolls increases. outcomes. Students specify number of rolls;
applet calculates and plots proportion of 3s
and 4s.

Simulating the Investigates relationship between theoreti- Reports outcome of each fair coin flip and 3.2, 144; 4.2, 200
probability of cal and experimental probabilities of getting creates a bar graph for outcomes. Students
heads: fair coin heads as number of fair coin flips increases. specify number of flips; applet calculates and
plots proportion of heads.

Simulating Investigates relationship between theo- Reports outcome of each flip for a coin where 4.3, 214
probability of retical and experimental probabilities of heads is less likely to occur than tails and
heads: unfair coin getting heads as number of unfair coin flips creates a bar graph for outcomes. Students
1P1H2 = .22 increases. specify number of flips; applet calculates and
plots the proportion of heads.

Simulating Investigates relationship between theo- Reports outcome of each flip for a coin where 4.3, 214
probability of retical and experimental probabilities of heads is more likely to occur than tails and
heads: unfair coin getting heads as number of unfair coin flips creates a bar graph for outcomes. Students
1P1H2 = .82 increases. specify number of flips; applet calculates and
plots the proportion of heads.

Simulating the Theoretical probabilities are long run Simulates stock market fluctuation. Students 4.5, 215
stock market experimental probabilities. specify number of days; applet reports
whether stock market goes up or down daily
and creates a bar graph for outcomes. Calcu-
lates and plots proportion of simulated days
stock market goes up.

Mean versus median Investigates how skewedness and outliers Students visualize relationship between mean 2.1, 70; 2.2, 70; 2.3, 70
affect measures of central tendency. and median by adding and deleting data
points; applet automatically updates mean
and median.

(Continued)




A01_MCCL7017_13_AIE_FM_i-xxiv.indd 1 10/26/16 4:11

Connected book
 image
James T. McClave, P. George Benson, Terry Sincich Statistics for Business and Economics, Global Edition
Publisher: 2018 ISBN: 9781292227085 Edition: Unknown

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