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Statistical Formulas (Business Stats)

The document provides condensed and expanded formulas for a variety of statistical concepts including measures of central tendency, probability, distributions, hypothesis testing, correlation, and linear regression. It covers topics such as means, medians, variances, standard deviations, z-scores, confidence intervals, hypothesis tests, proportions, regression, and correlation. Formulas are provided for both single and multiple variable situations.

Uploaded by

Peter Bent
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
144 views

Statistical Formulas (Business Stats)

The document provides condensed and expanded formulas for a variety of statistical concepts including measures of central tendency, probability, distributions, hypothesis testing, correlation, and linear regression. It covers topics such as means, medians, variances, standard deviations, z-scores, confidence intervals, hypothesis tests, proportions, regression, and correlation. Formulas are provided for both single and multiple variable situations.

Uploaded by

Peter Bent
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Condensed Formula

Sample Mean Median Range Sample Variance Sample Standard Deviation Coefficient of Variation Z-score of an observation Population Mean Population Variance Population Standard Deviation Sample Covariance Sample Coefficient of Correlation

Expanded Formula

th smallest observation

( )

Marginal Probability Conditional Probability Independence Addition Rule Multiplication Rule Bayes Theorem

)+ exclusive and collectively exhaustive | | |

where B1BK are mutually

| | | | | |

Condensed Formula
Expected Value, Discrete Random Variable Variance, Discrete Random Variable Standard Deviation, Discrete Random Variable Binomial Distribution Mean, Binomial Distribution Standard Deviation, Binomial Distribution Transformation to Normal / Finding X Value Standard Error of the Mean Z-score, Sampling Distribution of the Mean , for the Sampling Distribution of the Mean Sample Proportion Standard Error, Proportion Z-score, Sampling Distribution of the Proportion

Expanded Formula

Formula
Confidence interval for the mean known sigma Confidence interval for the mean unknown sigma

Confidence interval for the proportion

Sample size for the mean

Sample size for the proportion

Hypothesis test for the Mean known sigma

Hypothesis Test for the Mean unknown sigma

Hypothesis test for the proportion Pooled Variance, 2 Samples, Equal Variance Hypothesis Test, 2 Samples, Equal Variance Confidence Interval, difference between means, Equal Variance Difference in Means, Related Populations Standard Deviation, Related Populations

( ) )

Hypothesis Test, 2 Samples, Related Populations Confidence Interval, Difference between Means, Related Populations Difference in Variance, two samples

df = n 1

df = n-1 for each sample

Pooled estimate for the overall proportion

Difference in Proportions, two samples

Confidence Interval, Difference between Proportions, 2 Samples

Simple Linear Regression Model SLR Prediction Line Residual Total Sum of Squares Regression Sum of Squares

Yi 0 1X i i

b b X Y i 0 1 i
( )

Error Sum of Squares

Coefficient of Determination

Adjusted r-square

Standard Error of the Estimate

F Statistic

FSTAT

MSR MSE

t statistic Confidence interval of the slope

t STAT

b1 1 Sb1

Multiple Linear Regression Model

MLR Prediction Line

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