Latest Statistical hypothesis testing Stories

2012-02-13 23:20:52

People aren't always good at making informed decisions that involve risk, but a new study shows that even when we know the likelihood of certain outcomes based on statistical evidence or our own experiences, we still make decisions at odds with the probability of their occurrence. Psychology research on risk and decision-making often employs questions about gambling–where information about probabilities is given explicitly in numerical form. For instance, in experiments, participants...

2012-02-06 19:00:00

Using the Shmoop guide to AP Statistics, students can better prepare for the data crunching test in May. Mountain View, CA (PRWEB) February 06, 2012 Statisticians are responsible for tracking professional baseball players´ on-base percentages, analyzing the nets and grosses from feature films, and measuring the marketability of video games from region to region. Those are all pretty cool jobs, so maybe not all mathematicians are quite as geeky as one might suspect. “¦Nah,...

2012-02-04 08:00:00

Record Q4, 2011 sales results reported by Lifeloc Technologies, a leading international provider of professional breath alcohol testers. Wheat Ridge, CO (PRWEB) February 04, 2012 Lifeloc Technologies, a leader in the manufacture of portable breath alcohol testing devices for Workplace and Law Enforcement use, today announced that net sales results for its quarter ended December 31, 2011 are expected to be in the range of $1,900,000 to $1,920,000 compared to $1,402,158 for the same period...

Word of the Day
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.