MAT 540 Week 2 Discussion Expected value of perfect information
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In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 117 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.
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Focus of the Final Paper
In this six to eightpage research paper, you will explore in detail one of the statistical approaches to research discussed in the course, applying it in the context of a specific application or methodological study. This will help you gain a deeper understanding of..

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Statistical Concept. Describe the most important statistical concept that you learned in the course. How do you think you will be able to use the information? Respond to at least two of your classmates’ posts.
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Repeated Sampling. In Chapter 8 of your text, read the interpretation of confidence intervals. Find a journal article from the library that incorporates repeated sampling. This may be stated or implied. Use the explanation in the last paragraph of the section on interpretation of confidence inter..

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Standardized Testing. Paul states that he scored in the 100th percentile on a given standardized test. Do you believe him? Why or why not? Respond to at least two of your classmates’ posts.
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Normal or BellShaped Curve. Find a study where the distribution follows a normal or bellshaped curve. An example of a normal distribution or bellshaped curve, called “Heights of Red Pine Seedlings”, is located in the beginning of Chapter 6 in the book. . Cite the source of the study you’ve sel..

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Probability Video Analysis. Find a video that provides help with learning probability. Why do you like it and what did you learn? Visit this helpful website (http://www.khanacademy.org/) to assist you with your search. Respond to at least two of your classmates’ posts.
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Actuaries. Actuaries work with statistics and probabilities each day. What do actuaries do and what test do they take? Respond to at least two of your classmates’ posts
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Correlation and Causation.v 6 titled “Spurious Correlation by Lurking Variables”. This describes an observed correlation that may be caused by the influence of a third variable. Describe and cite a study where the correlation may be spurious. Alternately, you may choose to create and describe you..

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Scatter Plot. Provide a link for a picture of a scatter plot where the r value is not given. Estimate what you think the r value would be and explain why. Respond to at least two of your classmates’ posts
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Qualitative vs. Quantitative. Describe a recent study where data was gathered. If possible, explain whether it is a qualitative or quantitative study, and whether the data is discrete or continuous. What type of graph would you use to describe the data and why? Respond to at least two of your cla..

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MAT 540 Week 1 DQ 1 Gallup Poll
MAT 540 Week 1 DQ 2 Qualitative vs. Quantitative
MAT 540 Week 2 DQ 1 Scatter Plot
MAT 540 Week 2 DQ 2 Correlation and Causation
MAT 540 Week 3 DQ 1 Actuaries
MAT 540 Week 3 DQ 2 Probability Video Analysis
MAT 540 Week 4 DQ 1 Normal or BellS..

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MAT 540 Week 1 Quiz 1
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MAT 540 Week 2 Quiz 2
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mat 540 week 3 quiz 3
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MAT 540 Week 4 Quiz 4
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MAT 540 Week 2 Assignment 1 Final Paper Draft
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