Excel work on Advanced Business Statistics
Question Description
Basic Subject Material: binomial distributions in business
Readings: Chapter 9R as necessary
Instructor Comments
Binomial situations occur when only two answers are relevant to a question. Such questions might require answers such as “male or female,” “win or lose,” “positive ROI or negative ROI,” or “qualified or not qualified.” The purpose of this section is to introduce the binomial distribution in general, and apply it to performing the scientific method when sample sizes are small and for some reason normality cannot be justified.
Case 9 is on page 167. Use the sign test to solve it.
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