QMTH 651, STATISTICAL METHODS FOR DECISION MAKING

Course Syllabus Now updated for fall session.

Review Sheet

Amortization Schedule  Calculates loan payments and does an amortization schedule showing payments, interest and reduction in principal.

Bayes' Law A graphical explanation of Bayes' Law, using drug testing as an example.

Control Chart Illustration

Correlation Coefficient Illustration Illustrates the behavior of the coefficients of determination and correlation.

Correlation Examples  

Derivation of Least-Squares Equations* You probably aren't interested, but if you are, and remember a little calculus, this might help your understanding of regression analysis.

Einstein's Explanation of Brownian Motion

First Computer Project and Data

Formula Sheet* You may use this on tests.

Gin Soaked Raisins Does a pretty fair job of explaining controlled experiments.

GMAT DATA Some history on GMAT (Graduate Management Test) and subsequent GPR in our MBA program.

How to Gamble I've had a long-time interest in the mathematics of gambling and every now and then students will ask me if an understanding of statistics and probability could help them in their gambling pursuits. So I wrote this up. There's a section on how the mathematics of gambling relates to the stock market. 

Prohibition Statistics 

Psychic Aptitude Test Are you psychic? Find out here.

p-values Three intuitive examples of p-values

Resampling (Bootstrap) Spreadsheet   

Sample Regression Output Explains the Excel regression output.

Sampling Distribution Demonstration Demonstrates the sampling distribution of the mean for various underlying populations.

SAT Statistics by state Try to guess which state ranks lowest in SAT scores. Try to guess why.

Second Computer Assignment and Data

Statistical Tables* Pretty much the same as the ones in your book if you want to print them out.

Transportation Policy Report  

Walking Graph

Walking Statistics

* The items marked with an asterisk (*) above are Word or Excel documents with equations or symbols in them. Microsoft has the distressing habit of eliminating perfectly good font sets from their newer (but seldom improved) versions of Word and Excel, so some of the notation in these files may not print out on your computer. If something looks a little fishy, see me for corrections.