Essay Available:
Pages:
1 page/≈275 words
Sources:
1 Source
Style:
Other
Subject:
Mathematics & Economics
Type:
Statistics Project
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.83
Topic:
The Streetlight Effect
Statistics Project Instructions:
do the 'conditional statistic' problem average joe in excel
There is a link in the work page write? about streetlight effects, so read it and do the argument with word description applied with statistic and math model in excel. I have attached an example work did before.
ADDITIONAL INFO FROM THE C:
Support: The instructions aren't clear can you please clarify what is to be done?
Client:
sure, there is a link in the work page write? about streetlight effects, so read it and do the argument with word description applied with statistic and math model in excel. I have attached an example work did before.
工作簿3.xlsx ( example)
Statistics Project Sample Content Preview:
Your Name
Subject and Section
Professor’s Name
December 8, 2021
The Streetlight Effect
Understanding the relationship between judgment bias and statistical analysis is essential for any individual. It allows him to make significant and strategic decisions based on reality rather than what is immediately apparent around him. In turn, this allows him to find an answer that can possibly lie outside his immediate field of inquiry. Accordingly, the phenomenon of the Streetlight Effect is sufficiently depicted in the case of Poor Average Joe. The case states that Poor Average Joe spends a significant part of his earnings (1/3rd) immediately after getting his bonus. This increases his chances of going bankrupt, considering his regular earnings and expenses are almost the same. However, although this probability is correct, the question sought to be answered is whether he will be at a lesser risk of bankruptcy if he spends the same amount some time else.
In the solution modeled, it was shown that both the ‘probability of bankruptcy’ and the ‘probability of bankruptcy once’ were significantly lower w...
Subject and Section
Professor’s Name
December 8, 2021
The Streetlight Effect
Understanding the relationship between judgment bias and statistical analysis is essential for any individual. It allows him to make significant and strategic decisions based on reality rather than what is immediately apparent around him. In turn, this allows him to find an answer that can possibly lie outside his immediate field of inquiry. Accordingly, the phenomenon of the Streetlight Effect is sufficiently depicted in the case of Poor Average Joe. The case states that Poor Average Joe spends a significant part of his earnings (1/3rd) immediately after getting his bonus. This increases his chances of going bankrupt, considering his regular earnings and expenses are almost the same. However, although this probability is correct, the question sought to be answered is whether he will be at a lesser risk of bankruptcy if he spends the same amount some time else.
In the solution modeled, it was shown that both the ‘probability of bankruptcy’ and the ‘probability of bankruptcy once’ were significantly lower w...
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