MSIS 3223 Data Analytics Okstate Exam Questions and Answers 100% Correct
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MSIS 3223 Data Analytics Okstate
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MSIS 3223 Data Analytics Okstate
MSIS 3223 Data MSIS 3223 Data Analytics Okstate Exam Questions and Answers 100% Correct
MSIS 3223 Data Analytics Okstate Exam Questions and Answers 100% Correct
Okstate Exam Questions and Answers 100% Correct
Classical Definition of Probability - ANSWER-If the process that generates the outc...
MSIS 3223 Data Analytics Okstate Exam
Questions and Answers 100% Correct
Classical Definition of Probability - ANSWER-If the process that generates the outcome
is known, probabilities can be deduced from theoretical arguments.
Relative Frequency Definition - ANSWER-Based on empirical data. The probability that
an outcome will occur is simply the relative frequency associated with that outcome.
Subjective Definition - ANSWER-Based on judgement and experience as sport experts
might predict at the start of the football season
Random Variable - ANSWER-Numerical description of the outcome of an experiment
Expected Value - ANSWER-random variable corresponds to the notion of the mean.
How to compute the variance of the discrete random variable - ANSWER-weighted
average of the squared deviations from the expected value. this is the common
measure of dispersion
Variance measure - ANSWER-the higher the variance, the higher the uncertainty of the
outcome
binomial distribution - ANSWER-the probability distribution of a random variable with
two possible outcomes, each with a constant probability of occurrence is referred to
Bernoulli distribution. Can assume different shapes and amounts of skewness.
Normal distrubution - ANSWER-most important distribution in statistics. Continuous
distribution that resembles the bell shaped curve.
Features of normal distribution - ANSWER-Symmetric, skewness of zero, mean median
and mode are all equal.
Probability Density Functions - ANSWER-the distribution that characterizes outcomes of
a continuous random variable.
Continuous random variable - ANSWER-Outcomes of one or more continuous variables
of real numbers.
Delphi Method - ANSWER-popular judgement approach where a panel of experts are
used to respond to questions. this is to create unbiased and convergence of opinions
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