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Statistics for Business: Decision Making and Analysis, 3rd Edition
book

Statistics for Business: Decision Making and Analysis, 3rd Edition

by Robert Stine, Dean Foster
January 2017
Beginner
882 pages
203h 41m
English
Pearson
Content preview from Statistics for Business: Decision Making and Analysis, 3rd Edition

... years of experience is correlated with the response, there’s a possibility that the level of experience confounds the interpretation of the two-sample t-interval. Perhaps men in this sample have more experience than women, and it’s this difference rather than gender that explains the difference in average salary. A variable such as experience is a confounding variable if it is correlated with the response and the two groups differ with respect to this variable. Figure 25.2 shows that the number of years of experience is correlated with salary, so it meets the first requirement of a confounding variable. To meet the second requirement, male managers ...

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Publisher Resources

ISBN: 9780136759102