Microsoft Excel Data Analysis and Business Modeling (Office 2021 and Microsoft 365), 7th Edition

Chapter 83

Using resampling to analyze data

Question answered in this chapter:

• I produced nine batches of a product by using a high temperature and seven batches by using a low temperature. What is the probability that the product yield is better at the high temperature?

Data analysts often need to address questions such as these:

• What is the probability that a new teaching technique improves student learning?

• What is the probability that aspirin reduces the incidence of heart attacks?

• What is the probability that Machine 1 is the most productive of three machines?

You can use a simple yet powerful technique known as resampling to make inferences from data. To use resampling to make statistical inferences, you regenerate data many times ...