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Review Chapter 1-3
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Exam 1 25 questions 50 points 90 minutes 1 attempt Results will be known once the exam closes for everybody
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Questions Hypothesis Testing Calculation of Type I and II from problem setting Statistical signficance Definition and interpretation of Type I and II Type of hypothesis – Right-tailed, left-tailed, two sided
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Sampling Different sampling schemes Which is applicable in what situation Difference between cluster, stratified, and simple random sampling When to sample
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Statistical Inference and Estimation What is it? Where is it used? Difference between statistic and parameter
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Types of Data Quantitative vs. Qualitative Nominal, ordinal vs ratio, interval Cross sectional vs time series
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Measures Mean, median, mode, percentile calculations From raw data From frequency distribution Difference between symmetric and skewed distribution Interpretation of the measures
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Variability Range, IQR, Standard Deviation, Variance Interpretation Calculations Units Box Plots Interpretation Calculation
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