The main point of a statistics exam is to test your understanding of the topic under discussion. You will be given forty multiple-choice questions to solve in the exam. Although you will not have to worry about which questions to answer or how much time to spend on each question, practice makes perfect. The more questions you can answer accurately, the better you will do on the exam. There are two ways to prepare for the statistics exam.
The first way to prepare for the statistics exam is to take a practice exam immediately after finishing a course in which you discussed the topics on your textbook. For example, if you took a course on health care, you should take a free-response exam about that topic. You could try to solve the problems in free-response format, using your textbook as a reference. Another option is to read the exam completely, just as you would if you were to take the actual test.
After you’ve practiced taking the practice tests, you’ll need to figure out what types of questions you’re going to have to answer on the exam. Fortunately, the University of Michigan offers sample tests online, allowing you to take a practice test and then find the correct answer by clicking on a button on the screen. The samples are based on the questions found on standard exam pages and the answers should reflect the true reading for the sample. The best way to find sample statistics is to take advantage of the free-response questions that the statisticians will ask you.
Once you know how to answer the questions in the sample exam, you can move on to learning about probability and statistics. You’ll learn that the sample is a simple one and that your knowledge of probability will need to be built up over several years, but you don’t need to worry about this at the time of the exam. However, you will need to know about the concepts underlying the concept of probability and these are important in introducing statistics to your students. You’ll need to discuss the concepts of descriptive statistics, probability and statistics by distribution, and sample design.
Frequency statistics and statistical analysis are also important for your exam preparation. Frequency statistics are used to describe the most common characteristics of a continuous sample. Examples include the population mean, the population variance, the normal curve, and the population concentration. These concepts can help you when it comes to explaining the concepts behind frequency sampling and can also be used to explain why it’s important to choose a reliable sample size. It’s important to note that your understanding of frequency statistics is more important than its actual use when it comes to answering questions on the exam.
One of the most important concepts introduced when it comes to taking the statistics exam is interval or binomial probability. This is the mathematical concept that describes the probability distribution of the data sample and is used extensively in the field of statistics. Binomial probability takes numerical values such as the mean and standard deviation and estimates the value of the outcome of an experiment from these values. As you continue your study of statistics, you’ll learn that the binomial equation is often used as an illustration or modeling technique for explaining probability in real life situations. Examples of problems that binomial can be used to solve include calculating the expected return on investment from a commercial real estate investment, analyzing consumer perceptions of brand names, and quantifying the impact of natural disasters on insurance rates.
Once you understand the concepts of binomial probability, interval distribution, and probability sampling, you should be familiar with some sample exam questions that test these concepts. The sample exams that you will need to pass the exam include multiple-choice, short-answer, and free-response types. You may be surprised to see sample questions that test these concepts in the market share category, economic indicators category, and health care indicators category. These sample exams allow you to become familiar with the concepts introduced above and should help you to prepare for the real life application of these concepts.