This activity allows the user to experiment with expected values by changing probabilities and payoffs for two people buying stocks, repeating the experiment up to 100 times. There are links to discussion topics and activities related to the applet.
This activity allows the user to experiment with expected values by changing probabilities and payoffs for two people buying stocks, repeating the experiment up to 100 times. There are links to discussion topics and activities related to the applet.
This resource gives a thorough definition of confidence intervals. It shows the user how to compute a confidence interval and how to interpret them. It goes into detail on how to construct a confidence interval for the difference between means, correlations, and proportions. It also gives a detailed explanation of Pearson's correlation. It also includes exercises for the user.
This site defines power and explains what factors may affect it, such as significance level, sample size and variance.