Statistics for Data Science and Business Analysis - Practical Example: Inferential Statistics

Statistics for Data Science and Business Analysis - Practical Example: Inferential Statistics

Assessment

Interactive Video

Business

10th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

The video tutorial discusses inventory management issues at Al Bundy shoe shop, focusing on excess inventory. It introduces the use of confidence intervals to address these issues by analyzing sales data from 2014 to 2016. The tutorial explains the process of calculating confidence intervals for different shoe sizes and compares sales between two shops using statistical methods. It concludes with insights on shop performance and hints at future lessons on hypothesis testing.

Read more

1 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?