Examlex
Because statistical software plays such an important role in modern statistical applications,many studies have encouraged the use of technology in statistics courses.The Guidelines for the Assessment and Instruction in Statistics Education (GAISE) (Aliaga et al. ,2005) project was funded by the American Statistical Association to examine needs for college level statistics courses.One of the six recommendations from GAISE is the use of technology for developing conceptual understanding and analyzing data.A survey was sent to students at 100 different universities across the United States to access the relationship between ease of learning the statistical software program SAS and a student's currently level of SAS proficiency.The results of the survey are published in Jackson et al. ,2011,in the International Mathematical Forum journal and are shown below. Table 1.Two-way table for ease of learning SAS and SAS proficiency level.
What is the column proportion,G,for students who find SAS difficult to learn and who are very proficient in SAS?
Total Surplus
The sum of consumer and producer surplus, representing the overall benefit to society from the trading of goods and services.
Price Elasticities
A calculation that shows the responsiveness of the quantity demanded of a good to its price alterations.
Tax Burden
Tax burden describes the impact of taxation on an individual or entity's financial position, measuring how much of their income is taken by taxes.
Supply Curves
A graphical representation of the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell, under given conditions.
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