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Business Analytics

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0% found this document useful (0 votes)
2 views10 pages

Business Analytics

business analytics

Uploaded by

eva22866
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Как писать на экзамене (чтобы не облажаться)

Пиши ровно так:


1. z для 60 = (60-70)/10 = -1
z для 80 = (80-70)/10 = +1
2. Из Z-таблицы: P(Z ≤ 1.00) = 0.8413
P(Z ≤ -1.00) = 1 - 0.8413 = 0.1587
3. Вероятность между = 0.8413 - 0.1587 = 0.6826 (68.26%)
The t-test is a statistical test that compares means (averages) to see if
there is a significant difference.
It uses the t-distribution (from your Week 4 PDF slide on “t-Distribution
– When the Sample Is Small”).
Why do we need the t-test?
• When your sample is small (usually n < 30)
• When you do NOT know the population standard deviation (σ)
• When your data are roughly normal (bell-shaped)
In these cases, you cannot use the z-test (normal distribution). You
must use the t-test instead.
The t-distribution has heavier tails than the normal curve — this gives
us more “room” for error when the sample is small.

Three Main Types of t-Tests (you must know all three)


1. One-sample t-test
– Compares your sample mean to a known population value (e.g., “Is
the average exam score really 70?”)
2. Independent two-sample t-test
– Compares means of two different groups (e.g., males vs females,
Group A vs Group B)
3. Paired t-test
– Compares means of the same group before and after (e.g.,
students’ scores before and after a course)
Exam Example 1: One-Sample t-Test (Most Common on Your Exam)
Problem
A teacher claims the average exam score in the class is 70.
You randomly test 15 students:
Sample mean x = 73
Sample standard deviation s = 9
Is the true average significantly different from 70? (α = 0.05, two-tailed)
Step-by-Step Solution (write exactly this way)
Step 1: State hypotheses
H₀: μ = 70 (no difference)
H₁: μ ≠ 70 (there is a difference)
Step 2: Calculate t-statistic

Step 3: Degrees of freedom


df = n – 1 = 15 – 1 = 14
Step 4: Find critical value from t-table
For df = 14, α = 0.05 (two-tailed), critical t = ±2.145
(Go to df = 14 row, 0.025 column in the t-table)
Step 5: Decision
|1.291| < 2.145 Fail to reject H₀
Conclusion: The sample mean is not significantly different from 70 (p
> 0.05).

Exam Example 2: Independent Two-Sample t-Test


Problem
Compare exam scores of two teaching methods.
Group A (n₁ = 20): mean = 78, s₁ = 10
Group B (n₂ = 20): mean = 72, s₂ = 8
Is there a significant difference? (α = 0.05, two-tailed, assume equal
variances)
Step-by-Step Solution
Step 1: Hypotheses
H₀: μ₁ = μ₂
H₁: μ₁ ≠ μ₂
Step 2: Calculate t
Step 3: df
df = 20 + 20 – 2 = 38
Step 4: Critical value
For df ≈ 38 (use df=30 or 40 row), α=0.05 two-tailed critical t ≈ ±2.021 (or
±2.024)
Step 5: Decision
|2.098| > 2.021 Reject H₀
Conclusion: There is a significant difference between the two teaching
methods.

Exam Example 3: Paired t-Test (Before-After)


Problem
10 students took a test before and after a course.
Before: mean = 65, s = 12
After: mean = 78, s = 10
Difference mean = 13, s_difference = 8
Is the course effective? (α = 0.05)
Steps (same as one-sample, but use the differences):
t = 13 / (8 / √10) ≈ 5.14
df = 9
Critical t ≈ ±2.262
5.14 > 2.262 Reject H₀ Course significantly improved scores.
This value is small, so the difference between the two means
is not statistically significant.
This means the variability in School A is 2.25 times larger than in
School B.

Answer: About 68% of students scored between 60 and 80.


2. Binomial Distribution

Problem:
A coin is flipped 5 times. What is the probability of getting exactly 3
heads?

Formula:

Solution:

3. Poisson Distribution
Problem:
On average, 2 buses arrive per hour. What is the probability that exactly
3 buses arrive in one hour?

Formula:

4. Exponential Distribution
Problem:
Average waiting time for a bus = 10 minutes. What is the probability
that the wait is less than 5 minutes?
Formula:

Solution:

Answer: Probability ≈ 39%.

5. Uniform Distribution
Problem:
A fair die is rolled. What is the probability of getting a number between 2
and 5?
Solution

6. Chi Square Distribution


Problem:
We expect equal preference for 3 ice cream flavors (vanilla, chocolate,
strawberry).
Observed: Vanilla = 30, Chocolate = 50, Strawberry = 20.
Expected = 100/3 ≈ 33.3 each.

Solution:

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