What is the imaginary DGP spreadsheet?

The fundamental notion behind statistics is that of a _____________

The fundamental property of a process is?

Each repetition of the DGP produces a data record for a ______

What is the difference between Descriptive and Inferential Statistics?

What is a data generating process?

Give an example of a DGP?

What is a random variable?
Name the two types of random variables.

What is the difference between a random variable and a random vector?

The statistical techniques covered in our mgmt sc course require that the DGP of interest is:

What does saying that the DGP of interest = stationary mean?
There are 2 parts to the explanation

What is a non-stationary process

What can one do to make a DGP stationary?

What is the rule of thumb to determine if the DGP is stationary?

When do we consider a DGP fully characterized?

What is the distribution of a DGP?

What is the probability as defined or as measured by the DGP?

What is inferential stats about?

On a spreadsheet, what is a random variable?

What is a random vector?

What is the distribution of the random variable?

The histogram of a discrete random variable is sometimes called_____

What does the () Rand functio do?

What is the law of large numbers?

What fundamental question does the binomial distribution answer?

What’s the chance of n successes in m independent yes/no experiments (aka “trials”) ----> what does independent mean in this case?

What is the excel function for Binomial Distribution?

=binom.dist(n,m,p,F/T)
define each of the letters

=binom.dist(n,m,p,F/T)
What does the formula calculate when you pick False?

=binom.dist(n,m,p,F/T)
What does the formula calculate when you pick True?

How do you find the probability of at least n successes in m trials, using =binom.dist(n,m,p,F/T) ??

What is the difference b/w Poisson and Binomial?

How does the Poisson process relate to the stationarity assumption?

What is the excel function for Poisson?

Excel = poisson.dist(x,m,F/T)
Explain each of the letters

Excel = poisson.dist(x,m,T/F)
What does True mean?

Excel = poisson.dist(x,m,T/F)
What does False mean?

What are the two types of probability questions?

When the average number of events, x, is larger than 30, then what happens to the Poisson distribution ?

If N is the number of trials and P is the success probability of the binomial distribution and both N*P>10 and N*(1-P)>10, then what happens to the normal distribution?

u +- 1sd
u +-2sd
u+-3sd

What does the norm.dist formulas calculate?

=norm.dist (x, mean, stdev, TRUE) - what does this do?

=norm.inv(p, mean, stdev)
what does this do?

What is the link b/w a random vector & the percentile curve?

How do u know if independent variables x and y are truly independent?