Ch1 KaddStat - Faculty of Economics and Business Discipline...

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Faculty of Economics and Business Discipline of Econometrics & Business Statistics Supplementary Teaching Material for Ch.1 ECMT 1020: Business & Business Statistics B (Autumn 2010) p.1 Dr Boris Choy Kaddstat – Installation and Usage Download: KaddStat (Version 2.61) and installation guide can be downloaded from http://www.johnwiley.com.au/highered/black2e/student_resources/index.html Installation: Follow the instructions in the file “instructions.txt” After installation, you will see To calculate binomial probability, use the pull-down menu Example: Find where ) 40 ( X P ) 5 . 0 , 80 ( ~ Bin X
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Discipline of Econometrics & Business Statistics Supplementary Teaching Material for Ch.1 Results: We can see that , 40 ] [ = = np X E 47 . 4 ] [ = = npq X SD and . 5445 . 0 ) 40 ( = X P Note: (1) the required probability is highlighted in purple. (2) Since , the binomial distribution is symmetric. Let’s see the normal approximation to 5 . 0 = p this probability (with continuity correction). ECMT 1020: Business & Business Statistics B (Autumn 2010)
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This note was uploaded on 05/02/2010 for the course ECMT 1020 taught by Professor Bo during the One '10 term at University of Sydney.

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Ch1 KaddStat - Faculty of Economics and Business Discipline...

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