In statistics classes, the central limit theorem has been demonstrated using simulation-based illustrations. Known population distributions such as a uniform or exponential distribution are often used to consider the behavior of the sample mean in simulated samples. Unlike such simulations, a number of real-data-based simulations are here…

This article suggests how to explain a problem of small sample size when considering correlation between two Normal variables. Two techniques are shown: one based on graphs and the other on simulation. (Contains 3 figures and 1 table.)

The authors extended previous research by 2 of the authors who conducted a study designed to predict the successful completion of students enrolled in an actuarial program. They used logistic regression to determine the probability of an actuarial student graduating in the major or dropping out. They compared the results of this study with those…

The number of project failures and those projects completed over cost and over schedule has been a significant issue for software project managers. Among the many reasons for failure, inaccuracy in software estimation--the basis for project bidding, budgeting, planning, and probability estimates--has been identified as a root cause of a high…

Very little explanatory power is required in order for regressions to exhibit statistical significance. This article discusses some of the causes and implications. (Contains 2 tables.)

A squared semipartial correlation coefficient ([Delta]R[superscript 2]) is the increase in the squared multiple correlation coefficient that occurs when a predictor is added to a multiple regression model. Prior research has shown that coverage probability for a confidence interval constructed by using a modified percentile bootstrap method with…

Mediators are variables that explain the association between an independent variable and a dependent variable. Structural equation modeling (SEM) is widely used to test models with mediating effects. This article illustrates how to construct confidence intervals (CIs) of the mediating effects for a variety of models in SEM. Specifically, mediating…

When a simple random sample of size n is employed to establish a classification rule for prediction of a polytomous variable by an independent variable, the best achievable rate of misclassification is higher than the corresponding best achievable rate if the conditional probability distribution is known for the predicted variable given the…