Dane McGuckian
Dane McGuckian
  • Видео 714
  • Просмотров 4 337 373
A useful way to think about money and government debt (for a country that controls its currency).
This is a long (possibly boring) video that may provide you with a new way to view government spending and government debt in a country like the USA. A student asked me to create this after I discussed a metaphor for government spending in class. The metaphor came to me after I realized that I had given a class too many extra credit points on an exam. I hope the video will provide you with a different way to think about government spending and which spending is worthwhile.
Просмотров: 34

Видео

A Repeatable Path To Wealth-a post for my students
Просмотров 995 месяцев назад
A lot of my students at the university have complained over the years that they are not taught practical lessons that could serve them in their everyday lives. There is a good reason for this actually, but putting those reasons aside, I thought I would try to pass on some useful information to my young students. I wish I had this sort of lesson when I was an undergraduate. The original post can...
Using the complement of "at least one" to solve an otherwise challenging probability problem
Просмотров 715 месяцев назад
In this video, I demonstrate how to use a useful complement to solve a probability problem. This approach turns a very difficult problem into something that is very manageable. This is a homework problem from my website: STATSprofessor.com.
Using the complement of "At least one" to find a probability
Просмотров 665 месяцев назад
In this video, I use a useful complement to solve a probability problem. This approach turns a very difficult problem into something that is very manageable. This is a homework problem from my website: STATSprofessor.com.
How to Study For STA 3111 Online
Просмотров 797 месяцев назад
Hi Class, this video is for students taking my online section of STA 3111. It goes over where to find all of your free study materials.
How to Study for My Online STA 3123 Course.
Просмотров 847 месяцев назад
This video is for my students taking the online section of STA 3123 in the spring of 2024. It explains the simplest way to access all of the course videos and assignments.
Probability Of a Type I Error: Three Cases
Просмотров 1,1 тыс.Год назад
In this video, I explain cover the probability of a type I error when testing a hypothesis. Before watching this video, you should be familiar with the basics of hypothesis testing, and you should know how to define a type I error. An introduction to hypothesis testing can be found in my playlists for 8.1, 8.2, and 8.3.
Testing for an Interaction in Two-Way ANOVA
Просмотров 1,2 тыс.Год назад
This short video is for students learning to interpret Two-Way ANOVA tables. This should not be the first video you watch on the topic, but it will be helpful for those that have had at least an introduction to Two-Way ANOVA. The first step is to test for an interaction effect. If one exists, you should not test for main effects. If the p-value for the interaction effect is small, we conclude t...
An introduction to conditional probability
Просмотров 1,4 тыс.2 года назад
In this video, we discuss how to calculate conditional probability, and we discuss key words that indicate the conditional probability formula is needed. This video is part of the content available for free at www.statsprofessor.com
Final Review
Просмотров 4,6 тыс.3 года назад
Final Review
Another example: factorial counting resulting from applying the fundamental counting rule
Просмотров 8514 года назад
In this video, we solve a counting problem using the fundamental counting principle, and the result is a factorial. There is a rule of counting sometimes called the factorial counting rule. It is really an application of the fundamental counting principle. This video is part of the content available for free at www.statsprofessor.com
The Monty Hall Probability Problem from Let's Make a Deal
Просмотров 6 тыс.4 года назад
The Monty Hall Problem is a famous probability problem. It was featured in the 2008 film "21." In the 70s, the game show Let's Make a Deal was hosted by Monty Hall, and sometimes contestants would guess which door among three hid a large prize. After making their guess, Monty Hall would show the contestant one of the doors that did not contain the prize and offer the contestant a chance to chan...
The basics of basic probability
Просмотров 2 тыс.4 года назад
In this video, we discuss the basics of basic probability. We discuss two common approaches: classical probability and the empirical approach. This video is part of the content available for free at www.statsprofessor.com
Finding the z score associated with the top 5th percentile of the standard normal distribution
Просмотров 15 тыс.4 года назад
In this video, we show how to find a measurement corresponding to the 95th percentile of the normal curve using a typical z table. The reason we are covering this example is that the percentile places you exactly in the middle between two z scores, so we discuss the best way to handle those situations when they occur. This video is part of the content available for free at www.statsprofessor.com
Finding a P-value given a test statistic and a claim, from the ATP section of STATSprofessor.com
Просмотров 1,4 тыс.4 года назад
Finding a P-value given a test statistic and a claim, from the ATP section of STATSprofessor.com
Hypothesis Testing: claims about the variance
Просмотров 1,7 тыс.4 года назад
Hypothesis Testing: claims about the variance
Z Test for the Difference between Two Means from the Ask the Professor Portion of STATSprofessor.com
Просмотров 1 тыс.4 года назад
Z Test for the Difference between Two Means from the Ask the Professor Portion of STATSprofessor.com
Interpreting an Interval for the True Proportion
Просмотров 1,1 тыс.4 года назад
Interpreting an Interval for the True Proportion
Hypothesis Testing: the conclusion (a quick explanation)
Просмотров 4784 года назад
Hypothesis Testing: the conclusion (a quick explanation)
Calculating the Correlation Coefficient & Testing for a Significant Linear Relationship
Просмотров 1,4 тыс.4 года назад
Calculating the Correlation Coefficient & Testing for a Significant Linear Relationship
ANOVA Factorial Experiment Analyzed by Hand
Просмотров 4,7 тыс.4 года назад
ANOVA Factorial Experiment Analyzed by Hand
Applying the central limit theorem to find probability, problem 6
Просмотров 2,1 тыс.4 года назад
Applying the central limit theorem to find probability, problem 6
Applying the central limit theorem to find probability, problem 7
Просмотров 2,2 тыс.4 года назад
Applying the central limit theorem to find probability, problem 7
Finding percentiles of the normal distribution (find a measurement given a percentile), problem 5
Просмотров 1,1 тыс.4 года назад
Finding percentiles of the normal distribution (find a measurement given a percentile), problem 5
How to estimate the area (probability) for an extreme portion of the standard normal curve
Просмотров 8044 года назад
How to estimate the area (probability) for an extreme portion of the standard normal curve
How to use a z table to find areas (probability) under the standard normal curve, problem 7
Просмотров 1,3 тыс.4 года назад
How to use a z table to find areas (probability) under the standard normal curve, problem 7
How to use a z table to find areas (probability) under the standard normal curve, problem 6
Просмотров 8224 года назад
How to use a z table to find areas (probability) under the standard normal curve, problem 6
Measures of Variability: Range, Standard Deviation, and Variance: Problem 4
Просмотров 8454 года назад
Measures of Variability: Range, Standard Deviation, and Variance: Problem 4
Probability Distributions for Discrete Random Variables: Mean, and Standard Deviation
Просмотров 2,2 тыс.4 года назад
Probability Distributions for Discrete Random Variables: Mean, and Standard Deviation
The probability of "at least one": using complements, problem 4
Просмотров 1,1 тыс.4 года назад
The probability of "at least one": using complements, problem 4

Комментарии

  • @emrebozuyuk4065
    @emrebozuyuk4065 День назад

    Currently studying for my statistics final. Your explanations are very clear it helps so much. Thank you for the problem solving videos.

  • @leonramosaj4592
    @leonramosaj4592 2 дня назад

    Why when you get difference, you dont subtract 2nd-1st??

  • @anmgaming1357
    @anmgaming1357 5 дней назад

    nice god bless you 🥰

  • @Mr.BossBaby
    @Mr.BossBaby 5 дней назад

    This is a right side tho not equal

  • @dipankarbanerjee1130
    @dipankarbanerjee1130 6 дней назад

    Thanks Prof.🙏 lots of love from India ❤❤

  • @aidanw6725
    @aidanw6725 10 дней назад

    Thank you very simple and clear

  • @Xoaser
    @Xoaser 10 дней назад

    Impressive !!! So smart delivery to a complicated concept !!

  • @ahaha731
    @ahaha731 10 дней назад

    It is very useful🎉

  • @BilalAhmed-on4kd
    @BilalAhmed-on4kd 12 дней назад

    why is it at most for one tailed test and exactly α for two tailed tests?

  • @rabiaarshad4524
    @rabiaarshad4524 13 дней назад

    Can you please share the table picture. I'm unable to find it anywhere. Or you just tell me how I search for this table.. kindly response it .

  • @pratyasha279
    @pratyasha279 22 дня назад

    What's the point of finding the z score exactly?

    • @dmcguckian
      @dmcguckian 22 дня назад

      The z score enables us to look up the probability using a z table (or Calculus or an app that calculates the area under the normal curve). Without the z value, we would have to use the binomial distribution which is computationally difficult even for powerful computers. It’s less of an issue with today’s computers but it used to be near impossible to do the calculations by hand for problems with large n values. Even fairly powerful computers struggle to do the work quickly, so programmers might still opt to use approximations like this in their code when speed is more important than precision.

  • @coopermau4277
    @coopermau4277 26 дней назад

    I wanna be this guys friend. Saving my stats grade on video at a time lets go!

  • @jamalelmazouni2738
    @jamalelmazouni2738 29 дней назад

    Thanks It's clear

  • @themoralshow902
    @themoralshow902 Месяц назад

    Fans from Sri Lanka 😊

  • @user-tm4oi8gk5u
    @user-tm4oi8gk5u Месяц назад

    Your hands are so beautiful

  • @dev33duttam
    @dev33duttam Месяц назад

    very helpful and precise

  • @JK-gq2so
    @JK-gq2so Месяц назад

    Thanks 👍

  • @HamidYusufzai-v5e
    @HamidYusufzai-v5e Месяц назад

    use microphone

  • @cremildamondlane3900
    @cremildamondlane3900 Месяц назад

    hi, i did math stats, anova and regression end of last year, this year i did stochastic and im currently doing time series. I want to deepen my statistics knowlege any sugestions on which courses i should do next?

  • @user-rz1gq5kd3i
    @user-rz1gq5kd3i Месяц назад

    Which book is reminded for table of z test

  • @awazkawa1855
    @awazkawa1855 Месяц назад

    Best teacher❤🎉

  • @carlostolosa6530
    @carlostolosa6530 2 месяца назад

    how to compute manually for Predicted Residual SS (PRESS) that SAS output in that table below (the one table with: Sum of Residuals Sum of Squared Residuals Predicted Residual SS (PRESS))

  • @nafiziqbal814
    @nafiziqbal814 2 месяца назад

    Thanks

  • @sunnyiee_03
    @sunnyiee_03 2 месяца назад

    I genuinely, from the bottom of my heart, appreciate your existence. You’ve lifted the heavy burden of not understanding this rule off of my shoulders. You literally explained this in such a simple manner. THANK YOU 😭🙏

  • @hadanah9426
    @hadanah9426 2 месяца назад

    you are awesome and very helpful, thank you!!

  • @jomujojo
    @jomujojo 2 месяца назад

    Thanks bro 🙏❤️

  • @snehapakhi1908
    @snehapakhi1908 2 месяца назад

    What's the value of x

  • @JitendraSingh-vo2xs
    @JitendraSingh-vo2xs 2 месяца назад

    excellent explaination. Thanks

  • @anihaimahhadjinaim2617
    @anihaimahhadjinaim2617 2 месяца назад

    What's tha difficult part in using online resources for studying? There are too many but only one will fit your style of learning... And for me this ONE is the only video that has lead me to understand what I am seeking for after so many videos this is the only one that fit my logical understanding😂

  • @kakossniper
    @kakossniper 2 месяца назад

    Absolutely brilliant explanation, thank you!

  • @NandiniAcharya-yt7bk
    @NandiniAcharya-yt7bk 2 месяца назад

    very nicely explained

  • @drg9807
    @drg9807 2 месяца назад

    Thanks den

  • @ranasaint
    @ranasaint 2 месяца назад

    Thank you from Pakistan.

  • @asmaa2914
    @asmaa2914 2 месяца назад

    You should subtract the numbers instead of adding them

  • @zanabhafz3953
    @zanabhafz3953 2 месяца назад

    You laterally safe my life ❤thanks

  • @RipperFromYT
    @RipperFromYT 2 месяца назад

    Easiest way to explain it in my opinion is the contestant should NOT want to guess correctly at the start and because 2 of the 3 doors are empty that means the contestant has a 67% chance of ending up with an empty door which is good. If you guessed an empty door correctly, the only door left after the next step is the door with the prize.

  • @frankthabang6016
    @frankthabang6016 2 месяца назад

    THIS IS HELPFUL, IF I MAY ASK SIR WHY IS IT ONE TAIL?

  • @user-xl4vv1zt7m
    @user-xl4vv1zt7m 2 месяца назад

    Thank you very much i now know how to use the z table and how to find critical region iam beginner student also help in financial maths your explanation is so clear Prisca from Zimbabwe

  • @fantastikw0rld
    @fantastikw0rld 2 месяца назад

    1.33 its z score bring .1292 a probability

  • @fantastikw0rld
    @fantastikw0rld 2 месяца назад

    No one could teach me. Nooo one

  • @nsanzumukizajeanpierre3493
    @nsanzumukizajeanpierre3493 2 месяца назад

    what you can do when the rate is not given?

  • @vinayj5305
    @vinayj5305 2 месяца назад

    Thank you for such an easy yet complete explanation.

  • @amasood_
    @amasood_ 3 месяца назад

    Thank you!

  • @nirodlowe1615
    @nirodlowe1615 3 месяца назад

    Man you are a real lifesaver. 🙌

  • @shazmeenshakeel751
    @shazmeenshakeel751 3 месяца назад

    thank you so much, this was very helpful

  • @endsina1270
    @endsina1270 3 месяца назад

    The equation changes as soon as you offer the option of switching, the option is either blue box or yellow box in reality, which is a 50/50 chance of being both right and wrong. very simple.

    • @hakancarlsson2881
      @hakancarlsson2881 11 дней назад

      No. 1/3 of the time you pick the correct one the first round. The only way to win when staying is if you were correct in the first round. That means you only win 1/3 of the time when staying. You pick the wrong one 2/3 of the time in the first round. You always win if you switch when your original pick was wrong. Which means you win 2/3 of the times when switching. You could think of it as choosing between the door you picked or both of the other doors. He just opens one of them before you've answered.

  • @jo0odoo
    @jo0odoo 3 месяца назад

    A dash of communism with my biostat

  • @FaheemaIsahawk
    @FaheemaIsahawk 3 месяца назад

    but where do you put the 63.95 in the first class or the second one?

  • @user-zu8hj8rx5s
    @user-zu8hj8rx5s 3 месяца назад

    Thank you sir especially for the part b) explanation..i was so confused when trying to locate the Z value on the Z table! Now after seven hours i can confidently feel in my assignment answer 🎉😅

  • @samimuhammad1201
    @samimuhammad1201 3 месяца назад

    Thanks . Very well explained video. Straight to the point !!!