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14440CAUSEweb.orgen-useditor@causeweb.orgwebmaster@causeweb.orgFri, 1 Aug 2014 12:00:00 -0400Tue, 20 May 2014 12:00:00 -0400http://www.rssboard.org/rss-2-0-1Webinar: Being Warren Buffett: a classroom simulation of financial risk
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1930March 24, 2009 Activity webinar presented by Nicholas Horton, Smith College, and hosted by Leigh Slauson, Otterbein College. Students have a hard time making the connection between variance and risk. To convey the connection, Foster and Stine (Being Warren Buffett: A Classroom Simulation of Risk and Wealth when Investing in the Stock Market; The American Statistician, 2006, 60:53-60) developed a classroom simulation. In the simulation, groups of students roll three colored dice that determine the success of three "investments". The simulated investments behave quite differently. The value of one remains almost constant, another drifts slowly upward, and the third climbs to extremes or plummets. As the simulation proceeds, some groups have great success with this last investment--they become the "Warren Buffetts" of the class. For most groups, however, this last investment leads to ruin because of variance in its returns. The marked difference in outcomes shows students how hard it is to separate luck from skill. The simulation also demonstrates how portfolios, weighted combinations of investments, reduce the variance. In the simulation, a mixture of two poor investments is surprisingly good.In this webinar, the activity is demonstrated along with a discussion of goals, context, background materials, class handouts, and references (extra materials available for download free of charge)Sun, 2 Aug 2009 10:17:22 -0400BrightStat.com - Statistics made easy
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1858BrightStat is a free online application for statistical analyses. Besides many non-parametric tests, BrightStat offers multiple linear regression, logistic regression, ANOVA and repeated measurements ANOVA as well as Kaplan Meier Survival analysis. BrightStat has an easy to use GUI and supports the creation of mostly used scientifc graphs such as line-, bar-, scatter- and box-plots as well as histograms.Wed, 8 Apr 2009 07:26:57 -0400Martindale's Calculators
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1594This comprehensive collection of calculators provides users with resources for everything from introductory statistics to advanced statistical methods. Users can search by the following categories: Dictionaries, Courses with Calculators and Applets, CoursesAll Inclusive, and Statistics A-Z. Users can also search by the following statistical specialties: Agriculture, ANOVA, ANCOVA, Bayesian, Economics, Employment, Health, Information & Library Science, Psychology, Reliability Modeling, Research: Marketing and Opinion, Sampling Analysis, and SAS.Tue, 26 Sep 2006 02:30:47 -0400CAST: Computer Assisted Statistics Teaching
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1552CAST contains three complete introductory statistics courses, one advanced statistical methods course, and additional modules. Each introductory course presents the same topics, but with different applications. The first is a general version, the second is a biometric version with examples relating to biological, agricultural and health sciences, and the third is a business version. Each course comes in a student version and a lecture version. The additional modules cover Multiple and Nonlinear Regression, Quality Control, and Simulation. Registration is required, but free. Individuals or classes can register.Tue, 12 Sep 2006 10:52:37 -0400What is Statistics?
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1551These pages from the University of Melbourne explain statistical concepts using various examples from medicine, science, sports, and finance. The intent is not computational skill but conceptual understanding. Some pages also contain data.Mon, 11 Sep 2006 05:13:28 -0400Reserve Bank of Australia
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1474This is the homepage for the Reserve Bank of Australia. Browse data by Alphabetical Index of Statistics, Statistics by Frequency of Publication, or Bulletin Statistical Tables.Mon, 7 Aug 2006 11:58:05 -0400Stats: Checking Out the Facts and Figures Behind the News
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1256This site presents may articles on current events and issues that challenge statistics reported in the news. Each article encourages readers to think critically about statistics reported by the media and to look at the whole picture before believing conclusions presented in the news. "Our goals are to correct scientific misinformation in the media resulting from bad science, politics, or a simple lack of information or knowledge."Tue, 30 May 2006 10:56:39 -0400Calculus Applied to Probability and Statistics
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1171This online textbook applies calculus to probability and statistics in a business context. Chapters include 1.Continuous Random Variables and Histograms, 2. Probability Density Functions: Uniform, Exponential, Normal, and Beta, 3. Mean, Median, Variance and Standard Deviation, and 4. You're the Expert Creating a Family Trust. Each chapter also has exercises Wed, 4 Jan 2006 03:43:56 -0500What Does It Take to Heat a New Room? Estimating Utility Demand in a Home
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1090This article describes a dataset containing energy use data for single-family homes and monthly weather data in the Boston area over a seven year period. The data can help illustrate concepts like central tendency, dispersion, time series analysis, correlation, simple and multiple regression, and variable transformations. Key Words: measurement; forecasting.Tue, 26 Jul 2005 03:44:36 -0400Getting What You Pay For: The Debate Over Equity in Public School Expenditures
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1086This article addresses a dataset on public school expenditures and SAT performance. Key Words: Multiple regression; Omitted variable bias; Partial correlation; Scatterplot.Tue, 26 Jul 2005 03:20:27 -0400Electric Bill Data
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1067This article describes a dataset containing monthly household electric billing charges for ten years. The data can be used to illustrate graphing, descriptive statistics, correlation, seasonal decomposition, a variety of smoothing methods, ARIMA models, forecasting, and multiple regression.Tue, 26 Jul 2005 01:09:06 -0400Diamond Ring Pricing Using Linear Regression
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1065The dataset presented in this article contains information on the prices and weights of diamond stones; it can be used to illustrate simple linear regression and encourage students to think critically about the appropriateness of a model. The data is in .dat format. Key Words: Extrapolation; Interpretation of intercept; Model-building; Transformations.Tue, 26 Jul 2005 12:48:37 -0400Forecasting Computer Usage
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1061This article presents a dataset containing actual monthly data on computer usage in Best Buy stores from August 1996 to July 2000. This dataset can be used to illustrate time-series forecasting, causal forecasting, simple linear regression, unequal error variances, and variable transformation. Key Words: Model-building; Seasonal Variation.Tue, 26 Jul 2005 12:21:47 -0400Pricing the C's of Diamond Stones
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1056This article describes a dataset containing information on 308 diamond stones, which is useful when studying concepts in multiple linear regression analysis. Key Words: Categorical variables; Data transformation; Standardized residuals.Tue, 26 Jul 2005 11:48:07 -0400U.S. Retail Gasoline Prices
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=1055This Department of Energy website provides weekly average gasoline prices for several regions, states and cities. The averages are produced from a weekly survey of around 800 retail gasoline stations. The site includes information on data collection methods, survey methodology and historical data. Tue, 19 Jul 2005 12:10:53 -0400Practice Questions for Business Statistics
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=847This site offers a list of sample questions that can be used when teaching basic probability concepts, probability distributions, data collection methods, inferential statistics, hypothesis testing, analysis of variance, regression analysis, or problem sensing related to descriptive statistics. Links to the answers are also provided. Application is not limited to business. Tue, 17 May 2005 12:26:16 -0400Social Security Online: Data by Subject
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=828This page from the Social Security Administrationâ€™s website gives links to various tables of data about Medicare, Social Security, Taxes, etc. Data files are available as pdf, html, or Excel files.Mon, 16 May 2005 10:16:58 -0400Bureau of Economic Analysis
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=824This site for the Bureau of Economic Analysis contains economic information such as gross domestic product, personal income and outlays, corporate profit, etc. It addresses national, international, regional, and industry level statistics.Mon, 16 May 2005 10:05:28 -0400Quick Reference Tables
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=822This site provides tables of population, GNI per capita, total GNI, PPP GDP, and country classifications which can be used to make regional comparisons for people, environment, economy, states and markets, and global links. The data sets are from the year 2003. The tables are in Adobe Acrobat format.Mon, 16 May 2005 01:47:44 -0400Statistical Applets: The Reasoning of a Statistical Test
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=567This Statistical Demo is designed to help students master The Reasoning of a Statistical Test covered in Practice of Business Statistics.Fri, 13 May 2005 04:20:59 -0400Electronic Encyclopedia of Statistical Examples and Exercises
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=504One of the goals for the development of the Electronic Encyclopedia of Statistical Examples and Exercises (EESEE) was to provide a wide variety of timely, real examples with real data for use in statistics classes. With each story in EESEE, several thought provoking questions were designed to make students think carefully about statistical issues raised by these applications.Fri, 13 May 2005 03:11:46 -0400Statistical Applets: Mean and Median
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=752This statistical applet is designed to help students master concepts of mean and median.Fri, 13 May 2005 03:07:10 -0400The Statistics of Hiring
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=949This short article discusses how the comparative ratios of the tails of normal distributions can result in bias in hiring practices. It contains a link to an applet that shows the comparative tail probability ratios.Fri, 13 May 2005 11:58:24 -0400Against All Odds Index
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=880This text document is a detailed index of the Against All Odds video series. This detailed index allows instructors to quickly find stories that can be used in the classroom. The author also includes the his ratings of which video segments are useful in the classroom. The actual videos are viewable online and are also indexed in CAUSEweb.Thu, 12 May 2005 12:36:15 -0400Communicating With Data
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http://www.causeweb.org/cwis/index.php?P=FullRecord&ResourceId=804This course features slide shows for each lecture and exams with solutions to teach students how to be intelligent users of management science techniques. The fundamental concepts underlying the quantitative techniques are presented as a way of thinking, not just a way of calculating, in order to enhance decision-making skills. Exercises and examples are drawn from marketing, finance, operations management, strategy, and other management functions. Tue, 10 May 2005 10:26:24 -0400