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Need assistance MA215 Business Statistics

Need assistance MA215 Business Statistics

 

For these project assignments throughout the course you will need to reference the data in the ROI Excel spreadheet. Download it here.

Using the ROI data set:

  1. What are the characteristics of a binomial experiment?  Explain how the following scenario fits EACH of the requirements for a binomial experiment.  Scenario:  We select 7 colleges from a major and then record whether they are of ‘School Type’ ‘Private’ or not.
  2. For each of the 2 majors determine if the ‘Annual % ROI’ appears to be normally distributed.  Use a histogram and the measures of central tendency (mean and median) to justify your results. 
  3.   In a highlighted box, explain how having or not having a normal distribution for each of the majors may affect your ability to compare the data of the two majors.