The document discusses key concepts in statistics including:
- Statistics uses mathematical tools to describe and analyze data. It assumes populations follow a normal distribution.
- Parameters like the mean, standard deviation, and variance are used to characterize samples and populations.
- The standard deviation measures how spread out values are from the mean and defines the shape of the normal distribution. It indicates the precision of a data set.
Please Subscribe to this Channel for more solutions and lectures
http://www.youtube.com/onlineteaching
Chapter 6: Normal Probability Distribution
6.3: Sampling Distributions and Estimators
Answer the questions in one paragraph 4-5 sentences. · Why did t.docxboyfieldhouse
Answer the questions in one paragraph 4-5 sentences.
· Why did the class collectively sign a blank check? Was this a wise decision; why or why not? we took a decision all the class without hesitation
· What is something that I said individuals should always do; what is it; why wasn't it done this time? Which mitigation strategies were used; what other strategies could have been used/considered? individuals should always participate in one group and take one decision
SAMPLING MEAN:
DEFINITION:
The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample meanfrom a group of observations is an estimate of the population mean. Given a sample of size n, consider n independent random variables X1, X2... Xn, each corresponding to one randomly selected observation. Each of these variables has the distribution of the population, with mean and standard deviation. The sample mean is defined to be
WHAT IT IS USED FOR:
It is also used to measure central tendency of the numbers in a database. It can also be said that it is nothing more than a balance point between the number and the low numbers.
HOW TO CALCULATE IT:
To calculate this, just add up all the numbers, then divide by how many numbers there are.
Example: what is the mean of 2, 7, and 9?
Add the numbers: 2 + 7 + 9 = 18
Divide by how many numbers (i.e., we added 3 numbers): 18 ÷ 3 = 6
So the Mean is 6
SAMPLE VARIANCE:
DEFINITION:
The sample variance, s2, is used to calculate how varied a sample is. A sample is a select number of items taken from a population. For example, if you are measuring American people’s weights, it wouldn’t be feasible (from either a time or a monetary standpoint) for you to measure the weights of every person in the population. The solution is to take a sample of the population, say 1000 people, and use that sample size to estimate the actual weights of the whole population.
WHAT IT IS USED FOR:
The sample variance helps you to figure out the spread out in the data you have collected or are going to analyze. In statistical terminology, it can be defined as the average of the squared differences from the mean.
HOW TO CALCULATE IT:
Given below are steps of how a sample variance is calculated:
· Determine the mean
· Then for each number: subtract the Mean and square the result
· Then work out the mean of those squared differences.
To work out the mean, add up all the values then divide by the number of data points.
First add up all the values from the previous step.
But how do we say "add them all up" in mathematics? We use the Roman letter Sigma: Σ
The handy Sigma Notation says to sum up as many terms as we want.
· Next we need to divide by the number of data points, which is simply done by multiplying by "1/N":
Statistically it can be stated by the following:
·
· This value is the variance
EXAMPLE:
Sam has 20 Rose Bushes.
The number of flowers on each b.
A General Manger of Harley-Davidson has to decide on the size of a.docxevonnehoggarth79783
A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility. The company has collected information on the payoffs. It now has to decide which option is the best using probability analysis, the decision tree model, and expected monetary value.
Options:
Facility
Demand Options
Probability
Actions
Expected Payoffs
Large
Low Demand
0.4
Do Nothing
($10)
Low Demand
0.4
Reduce Prices
$50
High Demand
0.6
$70
Small
Low Demand
0.4
$40
High Demand
0.6
Do Nothing
$40
High Demand
0.6
Overtime
$50
High Demand
0.6
Expand
$55
Determination of chance probability and respective payoffs:
Build Small:
Low Demand
0.4($40)=$16
High Demand
0.6($55)=$33
Build Large:
Low Demand
0.4($50)=$20
High Demand
0.6($70)=$42
Determination of Expected Value of each alternative
Build Small: $16+$33=$49
Build Large: $20+$42=$62
Click here for the Statistical Terms review sheet.
Submit your conclusion in a Word document to the M4: Assignment 2 Dropbox byWednesday, November 18, 2015.
A General Manger of Harley
-
Davidson has to decide on the size of a new facility. The GM has narrowed
the choices to two: large facility or small facility. The company has collected information on the payoffs. It
now has to decide which option is the best u
sing probability analysis, the decision tree model, and
expected monetary value.
Options:
Facility
Demand
Options
Probability
Actions
Expected
Payoffs
Large
Low Demand
0.4
Do Nothing
($10)
Low Demand
0.4
Reduce Prices
$50
High Demand
0.6
$70
Small
Low Demand
0.4
$40
High Demand
0.6
Do Nothing
$40
High Demand
0.6
Overtime
$50
High Demand
0.6
Expand
$55
A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed
the choices to two: large facility or small facility. The company has collected information on the payoffs. It
now has to decide which option is the best using probability analysis, the decision tree model, and
expected monetary value.
Options:
Facility
Demand
Options
Probability Actions
Expected
Payoffs
Large Low Demand 0.4 Do Nothing ($10)
Low Demand 0.4 Reduce Prices $50
High Demand 0.6
$70
Small Low Demand 0.4
$40
High Demand 0.6 Do Nothing $40
High Demand 0.6 Overtime $50
High Demand 0.6 Expand $55
SAMPLING MEAN:
DEFINITION:
The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample meanfrom a group of observations is an estimate of the population mean. Given a sample of size n, consider n independent random variables X1, X2... Xn, each corresponding to one randomly selected observation. Each of these variables has the distribution of the population, with mean and standard deviation. The sample mean is defined to be
WHAT IT IS USED FOR:
It is also used to measure central tendency of the numbers in a .
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Please Subscribe to this Channel for more solutions and lectures
http://www.youtube.com/onlineteaching
Chapter 6: Normal Probability Distribution
6.3: Sampling Distributions and Estimators
Answer the questions in one paragraph 4-5 sentences. · Why did t.docxboyfieldhouse
Answer the questions in one paragraph 4-5 sentences.
· Why did the class collectively sign a blank check? Was this a wise decision; why or why not? we took a decision all the class without hesitation
· What is something that I said individuals should always do; what is it; why wasn't it done this time? Which mitigation strategies were used; what other strategies could have been used/considered? individuals should always participate in one group and take one decision
SAMPLING MEAN:
DEFINITION:
The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample meanfrom a group of observations is an estimate of the population mean. Given a sample of size n, consider n independent random variables X1, X2... Xn, each corresponding to one randomly selected observation. Each of these variables has the distribution of the population, with mean and standard deviation. The sample mean is defined to be
WHAT IT IS USED FOR:
It is also used to measure central tendency of the numbers in a database. It can also be said that it is nothing more than a balance point between the number and the low numbers.
HOW TO CALCULATE IT:
To calculate this, just add up all the numbers, then divide by how many numbers there are.
Example: what is the mean of 2, 7, and 9?
Add the numbers: 2 + 7 + 9 = 18
Divide by how many numbers (i.e., we added 3 numbers): 18 ÷ 3 = 6
So the Mean is 6
SAMPLE VARIANCE:
DEFINITION:
The sample variance, s2, is used to calculate how varied a sample is. A sample is a select number of items taken from a population. For example, if you are measuring American people’s weights, it wouldn’t be feasible (from either a time or a monetary standpoint) for you to measure the weights of every person in the population. The solution is to take a sample of the population, say 1000 people, and use that sample size to estimate the actual weights of the whole population.
WHAT IT IS USED FOR:
The sample variance helps you to figure out the spread out in the data you have collected or are going to analyze. In statistical terminology, it can be defined as the average of the squared differences from the mean.
HOW TO CALCULATE IT:
Given below are steps of how a sample variance is calculated:
· Determine the mean
· Then for each number: subtract the Mean and square the result
· Then work out the mean of those squared differences.
To work out the mean, add up all the values then divide by the number of data points.
First add up all the values from the previous step.
But how do we say "add them all up" in mathematics? We use the Roman letter Sigma: Σ
The handy Sigma Notation says to sum up as many terms as we want.
· Next we need to divide by the number of data points, which is simply done by multiplying by "1/N":
Statistically it can be stated by the following:
·
· This value is the variance
EXAMPLE:
Sam has 20 Rose Bushes.
The number of flowers on each b.
A General Manger of Harley-Davidson has to decide on the size of a.docxevonnehoggarth79783
A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility. The company has collected information on the payoffs. It now has to decide which option is the best using probability analysis, the decision tree model, and expected monetary value.
Options:
Facility
Demand Options
Probability
Actions
Expected Payoffs
Large
Low Demand
0.4
Do Nothing
($10)
Low Demand
0.4
Reduce Prices
$50
High Demand
0.6
$70
Small
Low Demand
0.4
$40
High Demand
0.6
Do Nothing
$40
High Demand
0.6
Overtime
$50
High Demand
0.6
Expand
$55
Determination of chance probability and respective payoffs:
Build Small:
Low Demand
0.4($40)=$16
High Demand
0.6($55)=$33
Build Large:
Low Demand
0.4($50)=$20
High Demand
0.6($70)=$42
Determination of Expected Value of each alternative
Build Small: $16+$33=$49
Build Large: $20+$42=$62
Click here for the Statistical Terms review sheet.
Submit your conclusion in a Word document to the M4: Assignment 2 Dropbox byWednesday, November 18, 2015.
A General Manger of Harley
-
Davidson has to decide on the size of a new facility. The GM has narrowed
the choices to two: large facility or small facility. The company has collected information on the payoffs. It
now has to decide which option is the best u
sing probability analysis, the decision tree model, and
expected monetary value.
Options:
Facility
Demand
Options
Probability
Actions
Expected
Payoffs
Large
Low Demand
0.4
Do Nothing
($10)
Low Demand
0.4
Reduce Prices
$50
High Demand
0.6
$70
Small
Low Demand
0.4
$40
High Demand
0.6
Do Nothing
$40
High Demand
0.6
Overtime
$50
High Demand
0.6
Expand
$55
A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed
the choices to two: large facility or small facility. The company has collected information on the payoffs. It
now has to decide which option is the best using probability analysis, the decision tree model, and
expected monetary value.
Options:
Facility
Demand
Options
Probability Actions
Expected
Payoffs
Large Low Demand 0.4 Do Nothing ($10)
Low Demand 0.4 Reduce Prices $50
High Demand 0.6
$70
Small Low Demand 0.4
$40
High Demand 0.6 Do Nothing $40
High Demand 0.6 Overtime $50
High Demand 0.6 Expand $55
SAMPLING MEAN:
DEFINITION:
The term sampling mean is a statistical term used to describe the properties of statistical distributions. In statistical terms, the sample meanfrom a group of observations is an estimate of the population mean. Given a sample of size n, consider n independent random variables X1, X2... Xn, each corresponding to one randomly selected observation. Each of these variables has the distribution of the population, with mean and standard deviation. The sample mean is defined to be
WHAT IT IS USED FOR:
It is also used to measure central tendency of the numbers in a .
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
2. Statistics: Set of mathematical tools used to describe
and make judgments about data
Type of statistics we will talk about in this class has
important assumption associated with it:
Experimental variation in the population from which samples are
drawn has a normal (Gaussian, bell-shaped) distribution.
- Parametric vs. non-parametric statistics
3. 2
2
2
/
)
(
2
1
x
e
y
• Infinite members of group:
population
• Characterize population by taking
samples
• The larger the number of samples,
the closer the distribution becomes to
normal
• Equation of normal distribution:
4. Estimate of mean value
of population =
Estimate of mean value
of samples =
Mean =
x
n
x
x i
i
5. Degree of scatter (measure of
central tendency) of population is
quantified by calculating the
standard deviation
Std. dev. of population =
Std. dev. of sample = s
Characterize sample by calculating s
x
1
)
( 2
n
x
x
s
i
i
6. Standard deviation
defines the shape of
the normal distribution
(particularly width)
Larger std. dev. means
more scatter about the
mean, worse precision.
Smaller std. dev. means
less scatter about the
mean, better precision.
7. There is a well-defined relationship
between the std. dev. of a population
and the normal distribution of the
population:
± 1 encompasses 68.3 % of
measurements
± 2 encompasses 95.5% of
measurements
± 3 encompasses 99.7% of
measurements
(May also consider these percentages
of area under the curve)
8. Consider Cu data: 5.23, 5.79, 6.21, 5.88, 6.02 nM
= 5.826 nM 5.82 nM
s = 0.368 nM 0.36 nM
Answer: 5.82 ± 0.36 nM or 5.8 ± 0.4 nM
Learn how to use the statistical functions on your
calculator. Do this example by longhand calculation
once, and also by calculator to verify that you’ll get
exactly the same answer. Then use your calculator for
all future calculations.
x
9. rsd or CV =
From previous example,
rsd = (0.36 nM/5.82 nM) 100 = 6.1% or 6%
100
x
s
10. Tells us that standard deviation of set of samples should decrease
if we take more measurements
Standard error =
Take twice as many measurements, s decreases by
Take 4x as many measurements, s decreases by
There are several quantitative ways to determine the sample
size required to achieve a desired precision for various statistical
applications. Can consult statistics textbooks for further
information; e.g. J.H. Zar, Biostatistical Analysis
n
s
sx
4
.
1
2
2
4
11. Used in many other statistical calculations and tests
Variance = s2
From previous example, s = 0.36
s2 = (0.36)2 = 0. 129 (not rounded because it is usually
used in further calculations)
12. Another way to express
degree of scatter or
uncertainty in data. Not as
statistically meaningful as
standard deviation, but
useful for small samples.
Using previous data:
n
x
x
d i
i
)
(
5
8
.
5
02
.
6
8
.
5
88
.
5
8
.
5
21
.
6
8
.
5
79
.
5
8
.
5
23
.
5 2
2
2
2
2
d
nM
or
d 2
.
0
2
.
0
25
.
0 5
nM
or
nM
Answer 2
.
0
8
.
5
2
.
0
8
.
5
: 5
2
13. Using previous data,
RAD = (0. 25/5.82) 100 = 4.2 or 4%
RAD = (0. 25/5.82) 1000 = 42 ppt
4.2 x 101 or 4 x 101 ppt (0/00)
)
,
(
1000
)
(
100
ppt
thousand
per
parts
as
x
d
RAD
percentage
as
x
d
RAD
14. To characterize or make judgments about data
Tests that use the Student’s t distribution
◦ Confidence intervals
◦ Comparing a measured result with a “known” value
◦ Comparing replicate measurements (comparison of
means of two sets of data)