Devry Math533 Week 1,2,3 & 4 Discussion Latest 2015 November

| August 30, 2017

Question
Devry Math533 Week 1 Discussion DQ 1 Latest 2015 November

DQ 1

Class, provide examples of how you can use statistical analysis to make better decisions in your career or daily life.

Devry Math533 Week 2 Discussion DQ 1 Latest 2015 November

DQ 1

A number of years ago, there was a popular television game show called Let’s Make a Deal. The host, Monty Hall, would randomly select contestants from the audience and, as the title suggests, he would make deals for prizes. Contestants would be given relatively modest prizes and then would be offered the opportunity to risk that prize to win better ones.

Suppose you are a contestant on this show. Monty has just given you a free trip worth $500 to a locale that is of little interest to you. He now offers you a trade: Give up the trip in exchange for a gamble. On the stage are three curtains, A, B, and C. Behind one of them is a brand-new car worth $45,000. Behind the other two curtains, the stage is empty.

You decide to gamble and give up the trip. (The trip is no longer an option for you.) You must now select one of the curtains. Suppose you select Curtain A.

In an attempt to make things more interesting, Monty then exposes an empty stage by opening Curtain C (he knows that there is nothing behind Curtain C). He then asks you if you want to keep Curtain A, or switch to Curtain B.

What would you do?

Hint: Questions to consider are: What is the probability of winning and the probability of losing the car prior to opening Curtain C? What is the probability of winning and the probability of losing the car after Curtain C is opened? What is your best strategy?

Devry Math533 Week 3 Discussion DQ 1 Latest 2015 November

DQ 1

Class, based on internet research and in your own words discuss history of Normal distribution and its original applications.

Devry Math533 Week 4 Discussion DQ 1 Latest 2015 November

DQ 1

Class, this week we will cover the concept of statistical Hypothesis testing. In plain language, what is the purpose of this test?

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